Yesterday at the G20 Summit, Indonesia approached Canada to ascertain its support for an Opec-style N miners' cartel, that Indonesia is attempting to establish. If successful, the price of Ni will almost certainly rise again-as will the value & price of QPM's refined Ni.
Indonesia mainly produces "dirty" energy intensive Ni laterites., cf QPM's refining process into Ni sulphate battery chemicals (negative CO2 footprint-refining powered by waste methane gas)
https://oilprice.com/Latest-Energy-News/World-News/Indonesia-Proposes-Creating-An-OPEC-Style-Group-For-Nickel-Producers.html
Ni is obviously in short supply, & will only become MORE rare, with the EV revolution- many EV cars' Ni requirement has gone from c. 30 kgs to 60 kgs each (not including low range & power Lithium phosphate battery vehicles).
It is no wonder EV makers are scrambling to form direct alliances with "emboldened" Ni miners, to secure supply & predictibility of these highly coveted Ni supplies.
Associated News, page-76
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