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2.5¢ st george mining limited

Ann: Gold Drilling Progresses at East Laverton-SGQ.AX, page-20

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HCGhost

12,484 Posts.

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25/08/16

19:13

Post #: 18690174
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Originally posted by HappyCats ↑

Nickel price dynamics hang in the balance on the supply side at the moment. The Chinese perfected ways to make crappy stainless steel from smelted pig nickel iron. This collapsed the nickel price as DSO laterite imports from SE Asia became viable as feedstock. The Indo's were the biggest exporters but then banned DSO, so the Chinese went to the Philippines. The Philippines boomed for DSO but is now in the process of banning mines site by site. About 10% of supply has been shut down so far in the last month. Meanwhile the Indo's have just ramped up domestic facilities to produce a Ferronickel concentrate that complies with their new regulations for mineral exports. So while the Philippines is turning the tap off, the Indos are turning it on again.

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Ha. Here it is on HC.

http://hotcopper.com.au/resources/c...ng-philippine-ore-russell.14331/#.V762JCh97tQ

SGQ Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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