Media, page-997

This article implies there is a strong possibility that there will be bans on Russia's huge nickel exports, in the medium term.
BSX would benefit greatly, when these bans are introduced.


The Guardian J. Harding said

"Policy experts have speculated that Potanin had so far avoided being sanctioned by the UK, US and EU because his Siberian nickel and palladium mining company Norilsk Nickel is crucial for the global automotive and semi conductor industry. Norilsk produces about 15% of the world’s high-grade nickel used in batteries, and about 40% of its palladium, which is crucial for the manufacture of semiconductors".

https://www.theguardian.com/world/2022/jun/29/vladimir-potanin-uk-sanctions-nickel-king-russia-putin

It should be noted that the EU, UK, USA have imposed major sanctions already (due to its brutal invasion) on Russian:-
. coal exports
. most of its oil exports.
. gas export (Russia, pre 2020, provided the EU with 40% of its gas needs) bans have been announced- but are planned to be fully implemented by c. 2025, to allow time for alternative gas suppliers to be sourced.

Significantly, amongst the myriad bans, nickel has NOT been included- even though Russia is the world's largest nickel producer & exporter (7%; & Norilsk supplies 15% of the world's high grade nickel used in batteries).
The EU, UK, USA, Japan etc. are acutely aware there is, now, NO short term replacement for Russia's crucial, VAST nickel exports.

What will happen in the future to the price of nickel, when Russian nickel also will, IMO, be totally banned ? A significant price rise, IMO, can be expected.

This bodes well for nickel producers, inc. BSX & their shareholders.