What's behind the drastic downturn in nickel and lithium prices, page-64

Still holding at $938US/T.
Maybe it can't go any lower. Many mines are suspending operations until the price goes back up
as the selling price is well below their cost prices.

As I have been saying for months now that this would eventually happen.
The junior miners are all in debt and they'll simply fold and go bankrupt leaving
the bigger boys like PLS that are cashed up and still making about 35% and with further
cost cutting they may well be doing well even at these low prices.

Buy in fear as they say well its fear now. Stick with the big boys.

The only fear is if PLS gets taken over by a US player like what happened to AKE which has seen the
share price go from $17.04 to under $7 which is now LTM CDI. AKE merged with a company with poor sales
and poor profits. They wanted AKE money and the greedy board who was going to do well out of the deal
while shareholders took a massive hit themselves.

Still can't understand why ASIC and the federal government allowed AKE to be taken over where
us Aussies lost money on that deal.