Ghosta
Of course the smelting costs don't change with the price of nickle. But they don't with zinc either and the zinc price affects smelting charges so it's not a ridiculous assumption.
If they are selling at hedged prices mayby but if they are selling at Asian benchmark prices it may have an effect. Of course I do not know the answer and would not mind a definitive answer.
Add to My Watchlist
What is My Watchlist?