POS 0.00% 0.5¢ poseidon nickel limited

NEWS, page-534

  1. 577 Posts.
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    Take the tin foil hat off,
    remove the rose coloured glasses,
    grab a dictionary and use spell check.

    If there was a world shortage, the price would be far higher instead of sitting at less than $10/lb at present

    It's undeniable that the need for nickel is increasing due to the EV revolution

    Unfortunately though, at present this EV demand only makes up a small percentage of total nickel demand.

    With the world headed for a global recession, with massive inflationary pressures, discretionary spending will be reduced greatly.

    People who were looking at getting that Tesla or Home battery systems last year when interest rates where low, inflation was under control, and money was free flowing - will be thinking twice when faced with paying higher mortgages and paying for needs, rather than wants.

    The demand for stainless steel, approximately 80% of current nickel usage will unfortunately drop off, therefore leaving leaving a surplus until global economies return to some normality

    Incoming Indonesian product is only going to add to this issue.

    Don't get me started on the imploding Chinese real Estate flow on effects either

    P.S.

    if you keep feeding the court jester with praise he only gets more repetitive!
    https://hotcopper.com.au/data/attachments/4578/4578964-1f576ee870744e874bbf62240d15b553.jpg
 
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