Nickel price to fall in 2020/2021, page-46

To the contrary, I haven’t promoted “BSX” in this thread.

I did spend days studying over 100 companies with nickel interests and created a shortlist.

However, I noticed some companies tracking what I regard to be an inflated nickel price and outlook in light of this:

”The International Nickel Study Group (INSG) estimates the global refined market was in a supply surplus of 57,300 tonnes after the first five months of the year, representing a sharp turnaround from a deficit of 31,500 tonnes at the same point of 2019.The median forecast in Reuters' July analyst poll is for a surplus of 100,000 tonnes in 2020, making it the first year of oversupply since 2015.” (Source: Internet)

I think the long term (2-3 years) prospects for nickel and companies like CTM are awesome but think we should all be wary about the short term. I’m sure many of you got burnt by the cobalt and lithium bubbles. I reckon nickel is another. DYOR.