1.I disagree- IMO, only if Ni prices recover to a much higher...

1.I disagree- IMO, only if Ni prices recover to a much higher price than US $20k p/t +, will the TECH Project obtain a huge boost, & possible revival.

With all the current & imminent US, EU, UK etc. moves to place tariffs & penalties etc. on EV's made, & imported, from China (which obtain "unfair trade & anti ESG" major price advantages, due to their using the very high CO2, but cheap, Ni supplies- for the battery- from Indonesia), I expect it is very likely Ni prices will continue the price uptrend that began in Feb. 2024, to the present.

The crucial issue is, however, how high will Ni prices rise? IMO, c.US $25k pt is a real possibility in the next year (Ni prices collapsed from c. US $29500 pt in early 2022, & reached their long & excruciating nadir of c. US $15560 pt in Feb. 24. From Feb. 24, they rose, almost constantly, by c.35).




2. It would be absurd to make a direct comparison of producer IGO with QPM (the former is a large Cu, Ni, & Li JV miner, making profits- QPM is now only a gas producer, making very small profits- but with potential to eliminate the very high & dirty methane gases being produced in the Bowen Basi coal fields; & might greatly increase these gas profits in the next few years; & potential to be a reasonably profitable, negative CO2, Ni refiner.

The principal points, however, in Gilham's analysis might arguably apply also to QPM (& QPM is not burdened by the very big falls in Li prices, c.70%+ from the highs = Li profits smashed. Low Li prices will actually make EV's cheaper, & thus increase demand for EV's = more demand for Ni in batteries= higher Ni prices= more profits for QPM).

HC Market Index/ & Wealth Within Chief Analyst D. Gilham 17.5.24 said

"The recent [early May 24] budget [Fed. govt.] announcement unveiled a $23 billion dollar investment plan titled “A Future Made in Australia,” aimed at bolstering domestic manufacturing and fast-tracking the nation’s progress towards achieving net zero emissions
...the question it raises for investors is which ASX-listed companies will benefit significantly from these transformative policies.

One I believe will benefit isIGO, which, if I’m correct, could potentially make it an attractive buying opportunity. This is because the budget has earmarked $13.7 bn for production tax incentives in critical minerals processing, which is great news for IGO, given its involvement in mining and processing crucial minerals like nickel and copper.

To further sweeten the deal, a significant portion of the budget, approximately $19.7 b, will target initiatives promoting renewable energy, including tax breaks for lithium-ion investments. This aligns perfectly with IGO’s joint venture with Tianqi Lithium Corporation, which specialises in lithium mining and refining (all emphases), mine...

'Future in Aussie' Budget boost could turn IGO into a Cinderella stock | 2024-05-17 | HotCopper