Yes ni could hit $20 but not for long. Substitutes plenty and the longer ni stays so high the more incentive to change. Take ss knife - can have the handle as ss or plastic /bone etc. SS tank can bre sub with a variety of things such as fibreglass plastic etc. Can make steels in different ways depending on application-eg use mn or carbon. Use different forms of Ni eg laterites could replace about 50k of nickel this year the worry is the things you cant anticipate Am not a prophet of doom and certainly beleive Mincor will make great money and have compete faith in their ability to expand. However better to do your valuation on say US25-27k per ton because it will be there or below in 2 to 3 years time
MCR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held