The last time nickel prices on the LME were in the current range Management were saying that this was our sweet spot. That was because we would be profitable but laterite processors would not. Laterite may be closer to competing with Ta Khao sulphides at this range now but it has been reported to be losing money in this attempt to curtail competition.
Ann: Blackstone Signs Offtake MOU for Refinery Byproduct, page-24
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