https://markets.*.com/commodities/nickel-price
Looks like 19.04.2024.
The price floor was 15k back in Feb, afterwhich, the supply was constrained with shut downs etc. Now we have the ban of Russian material and a deflationary Chinese economy. Moreover, we are moving into a cold war raw material supply chain model.
https://foreignpolicy.com/2022/11/22/critical-minerals-resources-us-china-competition-cold-war-supply-chains/
The liquidity issue is a massive issue in the crictical material space. The refining capacity has been depleted since the last big commodities boom of the 2000s.
So the question is will the nickel price sustain momentum above the 20k, long enough, for QPM to get governmental financing or will be in 2026 still waiting?
The AFS had a base case of 25 k, so lets hope that the DFS has batter economics.
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