I disagree to an extent, the ability of class 1/2 Nickel diversification of RKEF lines reduces commodity risk significantly.
We don't know how the pricing mechanics of NPI are going to play out in the future (particularly with a looming recession), but historically NPI prices have traded at a plus/minus 10% of LME Nickel- In September NPI traded at a 33% discount. The ability to transition to class 2 nickel safeguards us from surging supply of NPI and potentially weak demand.
I think it is also beneficial that 30+ RKEF lines have the ability to do the same, as this adds significant flexibility of supply in the NPI market which should work favourably for NPI pricing going forward.
I disagree to an extent, the ability of class 1/2 Nickel...
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80.5¢ |
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Mkt cap ! $3.450B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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| NIC (ASX) Chart |