Fundamentals, page-198

Hi blooreeler
Some plants around the world are getting mothballed plants prepped for restart, PAN is currently getting Savannah mine ready for production about 6 months of work, POS are getting funding to bring Black and then Silver Swan back online, MCR is getting a BFS case ready for Dec next year to bring their Kambalda mines back online to supply the Nickel West Kambalda concentrator. These mines would bring a combined annual nickel output of approx 52Kt of Nickel slowly back into production in about 2yrs. This is only replcing what was already shut down due to prices not new supply. Vale are doing 1.6Bln to expand Voisey Bay to extend production to 2036, not expanded supply but just continuation of supply, Vale is also waiting for prices to reach prob around US18K a tonne to bring back 20Kt of mothballed production back into the market.
Most of these mines are concentrators not final product which puts companies like Auz, Clq and Arl in the box seat if they go ahead to actually bring new final product supply into the market.
The big players won't pull the trigger on projects till US16-18 Kt can be maintained, the smaller players like the before mentioned are pre-empting the anticipated rise to try and enjoy the fruits of EV takeup.