I think the Nickel price has the potential to become a very nice deal
Historically Nickel can get quite high prices (e.g. US$50,000 per tonne - dare to dream!?). But it's price can be v volatile and, according to a Reuters article in June (see link below) the Nickel pig iron (NPI) producers in Indonesia will increase supply later this year and maybe dampen the price a bit.
https://www.reuters.com/business/autos-transportation/sumitomo-metal-sees-global-nickel-demand-battery-use-rise-18-2021-2021-06-29/
But between China's stainless steelmaking and the recent USA infrastructure bill, plus large growth in EVs, the Nickel price, especially in the EV supply chain could get higher than today.
Our Nickel (via BHP Nickel West) is very much part of the EV supply chain.
Several speakers at the the recent Diggers and Dealers conference (e.g. BHP Nickel West, PAN and WSA) seemed very upbeat on Nickel pricing.
Ann: Long Term Nickel Production Profile and FY22 Guidance, page-7
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