”The EU authorities have implemented the fifth package of #sanctions against Russia in response to the continued aggression and war crimes in #Ukraine. The new measures prohibit access of Russian vessels to the European ports. Only some exemptions are considered, including agricultural and food products, humanitarian aid and energy. There is also a proposal to ban Russian and Belarussian road transport operators, which is going to be discussed the other day.The in-fact transport blockade can seriously hit the #Russian exports of #ferroalloys and #metals to the EU, including #nickel, #chrome and #vanadium.”
Interesting to see what the impact is on the V price in the medium/long term. Combine this with China picking up steam, after getting rid of COVID in a couple of weeks, and IMO we definately could see V price levels stay >55 $ kg for a while. All good news for NMT right ?
NMT Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
