Yeah true, it is unfortunate moment for Chinese tycoons. One was...

Yeah true, it is unfortunate moment for Chinese tycoons. One was evergrande and now is tsinghan. With Xi common prosperity, they go bankrupt one by one together with all Russians.

Nickel was interesting story with J cornered him at 100k before taking his rescue. It is not that nickel contract price will suddenly raise to 100k but we just took out one biggest China player from nickel market. His cost is now expected to raise 2-4x after recent deal and he is 6% world supplier. Of course he will enjoy higher contract but that will go slowly and himself will be supporting higher nickel price. I think that will ensure nickel contract price to increase slowly beyond 30k in long term..

When bhp sp was down 50 to 36, i still believe it was due to their unification strategy move etc. But we all justify it over China residential property (only partial of 15%). If now bhp sp should go down because of more expensive iphone price, I think that is silly.