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Bullboard - Stock Discussion Forum Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the... see more

TSXV:CNC - Post Discussion

Canada Nickel Company Inc > Is the bear market over?
View:
Post by CornHoled on Nov 20, 2024 10:53am

Is the bear market over?

Nickel futures rebounded to above $16,000 per tonne from a 4-year low, fueled by concerns over Indonesia, the world’s largest nickel producer, tightening its mining policies. Reports indicate that approved mining quotas could decline by up to 27% by 2026, and the government plans to reduce license fees for low-grade nickel ore (less than 1.5% nickel content) used in battery production. This policy could restrict nickel availability for industries like stainless steel manufacturing. Additionally, nickel ore imports to Indonesia surged 50-fold year-on-year to over 9.3 million tons between January and October 2024, reflecting efforts to preserve domestic reserves. Officials have repeatedly warned of dwindling nickel stocks, emphasizing the need to prioritize domestic industries and stabilize prices, according to the mining minister.

 
 
Comment by CravingProfits on Nov 20, 2024 1:28pm
CornHoled...tell Indo to come get their nickle in the Timmins camp asap. Lol Glta
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