My understanding is that you are spot on. The Indonesian production of nickel matte is from laterite and a very 'dirty' product. 'Mr. BigShot' as you aptly named him thought that price was going to be all that mattered, hence his big short. Nickel spot price over $100 would have cost him plenty. If you want to lose a bunch of market share start sticking dirty batteries in your electric cars. Your competitors will eat you alive. MYL will be producing the greenest Ni around. seems to be just the right time for it.
MYL Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held