Interesting read on Nickel demand from Goldman from April 28 2022, so fairly recent. They are forecasting LME Nickel price to be $42000 over next 12 month with an average of $30000 medium term. Certainly, the market conditions can change so is their analysis. That is to the discussion regarding the price of Nickel in the recent feasibility study ($25000) and how it is too high for the earnings estimates etc.
It is worth to read the full report as it covers many great points. Deficit for class 1 Nickel will continue to take place till year 2030 along with increasing demand (page 9-10).
https://www.goldmansachs.com/insights/pages/gs-research/nickels-class-divide/report.pdf
Interesting read on Nickel demand from Goldman from April 28...
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $84.52M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 4.0¢ | $206.4K | 4.932M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 577356 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 288688 | 3 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
4.2¢ |
Change
-0.002 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 4.5¢ | 4.5¢ | 4.0¢ | 2276200 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
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