Hpal tech has advanced substantially since then + economically been proven (look at indonesia). Sumitomo is the world's expert in HPAL.
It's a different story. As for nickel price, completely irrelevant at this stage of the game. When this thing is not expected to produce until 2028, with a 40+ year LOM you care about future nickel prices.
Big players would be noticing how fast Indonesia is stripping their country to feed these plants. Rumors of ore being shipped in from the Philippines. How long are these nickel prices expected to last?
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