Trading day running commentary, page-4503

1. It appears, IMO, that the long, "frightening", & excruciating fall in the Ni price (from c.US 30k pt in May 2022, to c.US $15,622 pt on 9.2.24) is over.
Ni closed at US $18,125 pt today- & is up c.12.65% in the last month.

Nickel - Price - Chart - Historical Data - News (tradingeconomics.com)

A much higher price is, obviously, very good news, eventually for the CTM's SP, & the profitability metrics of the upcoming new DFS etc.
How high will the Ni price rise? If it can hold, for at least c.2 months, above US $20k pt, I expect CTM will probably have a significant SP rise.




2. Plans are slowly commencing for the creation of a formal Market Index, promoting & selling low CO2 Ni- with, of course, higher priced Ni sulphides
(cf the cheap, but very high CO2 content for Ni laterite eg Indonesia, which flouts many ESG principles).

LME partner Metalshub plans for 'green' nickel price - MINING.COM







BSCTX's mining & refinery has beenindependentlyassessed & awarded as one of the world's lowest CO2 emitters- ultra clean hydro powered.

The EU's "Green Passport" requirement, with similar principles also in the USA & Canada etc., will help drive the demand for green Ni.

Will cheap Chinese EV's soon start to attract significant tariffs (& thus reduce significantly their sales) in western nations, due to their severe ESG "failures"?