I disagree with the near term outlook of the rocket.
Sure China is throwing the kitchen sink of stimulus at the economy. But when you've overbuilt for more than a decade then you are pushing on a string. Stimulus might eventually improve the moribund consumer consumption but I'm not sure whether that will help Nickel prices much. And on the EV front, many car companies are backing away from their over ambitious goals...
My point is that I believe it will take longer than expected for the nickel glut to sort itself out. All that said. NIC is on the right side of the cost curve and will remain profitable and eventually improve profitability. I just am not as optimistic in the short term.
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Open | High | Low | Value | Volume |
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1 | 509 | 0.905 |
10 | 110841 | 0.900 |
3 | 83513 | 0.895 |
3 | 36685 | 0.890 |
Price($) | Vol. | No. |
---|---|---|
0.915 | 87257 | 5 |
0.920 | 595189 | 12 |
0.925 | 166014 | 8 |
0.930 | 134444 | 7 |
0.935 | 45241 | 5 |
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