It's not unheard of to cut production or stockpile when pricing gets tough but it's usually determined by balance sheet. Only the strongest can do this. The status quo is to produce whatever is possible at a profitable margin and that is what NIC will do. However, I believe NIC is pretty close to curtailing at least one operation but we'll have to wait and see what this qtr + next looks like for RNI specifically. I have some reservations about HNI as well but the matte product will probably save the day there. It will be a close one because battery materials have all come down in price.
There is a lot more pain to come and Im not just referring to RKEF operations.
Ann: Nickel Matte Sales Contract with Glencore, page-20
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