If you think about it… Laterite ore is what gets mined first when mining for Nickel. Laterite ore is quite a low grade so usually just gets disposed or dumped back into the ground.
If indeed the demand soars and price spikes as you say, there will be more miners mining for Nickel and therefore Laterite ore will be available in surplus. So technically, the price will only go down due to the imbalance in demand/supply ratio.
It will only make the price of ore cheaper.
Medium Term Target: A$1+ billion market cap, page-321
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