Yes. The main customer is probably technically bust and owned by China Construction Bank. The good news is they will continue trading as an entity. The Chinese Govt won’t just close the operations down due to their strategic importance. There will be a change of ownership although some Western Entities are almost certainly interested in buying the Tsingshan holding in NIC- I doubt that happens as the Chinese will want to secure the Nickel reserves.
The good news is Nickel Mines holds a very valuable reserve in the ground.
long and short expect volatility but ignore a lot of the noise.
Nickel at 50000$/t, page-49
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83.0¢ |
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Mkt cap ! $3.557B | |||
| Open | High | Low | Value | Volume |
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