90% of nickel production at loss

At 3.70usd/lb, 90% of world ni producers are at loss
Above 4.50, 60% of world ni producer at loss
Price has been hammered for 6 months, all producers at loss...hard to cover it even if a few I say a few can still survive...cash flow burning for all of them...
Something must happen....Glencore, Vale and others are going to stop production, I cannot see the other way
Is Russia filling up China ? Who knows ? But it is worth to ask..stock close to 400k, falling down another 25k then we reach a year level but ni price was at 7usd/lb...won't be surprised if there was any paper work manipulation or black market...
What I can say about POS thanks God we are not producing.......
At the end of the day something must happen....

Fredy the Mascot