Consolidation of Nickel Producers Begin, page-6

the recent nickel price pullback from $19,000 to $16,000 was driven by the furphy that the Chinese producers said they could produce battery grade nickel from nickel pig iron using high pressure acid leaching process that was tried 10 years ago but was uneconomical then, and in current evironment there has been many comments by market commentators it’s not environmentally friendly and won’t stand up to ev manufacturers carbon emissions reduction policy, if it wasn’t for this furphy nickel prices could easily be higher and the likely premium in the future being paid for high grade nickel, just providing some room for thought regarding pos future