It suggests the price of the Nickel Sulphate and Cobalt Sulphide will be tied to the LME index prices. These products are not traded on LME so will not reflect demand of CoS or NiS or other hydroxides or hydrates which are privately traded.
It MAY be better for some but it implies no pricing agreement has been made for the supply of product. Not particularly concerning.
NiS recent price approx USD$600/mtonne at >22%
Pre-payment for product to assist in financing. It is essentially an order.
PM1 Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
