I beg to differ regarding the 3 different spot prices. Nickel is a prime example of how this is nothing but a fairy dream.
Nickel producers in Australia continue to bleed money due to the downturn in Nickel prices. The downturn was caused by the Chinese or Chinese-backed producers flooding the market with "dirty nickel" that costs far less to produce.
Producers in Western countries including Australia incur massive costs to produce cleaner Nickel and are now facing massive losses and under threat of shutting down. Some have even shut down already. They were all hoping consumers would be more than happy to pay a premium for their cleaner Nickel. But, the competitiveness within the EV sector has forced everyone to purchase the cheapest Nickel available rather than paying a premium.
I beg to differ regarding the 3 different spot prices. Nickel is...
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