Just top up , The NPI prices has been down but has stabilized
since beginning of May. Its the class 1 nickel that is slumping
which it was at backwardation or at high prices for a long time.
NIC can endure a low price of NPI at 12,000/ton and still makes
profit out of ANI,ONI,HNI. Chinese and Indo older class NPI
plants will make a loss. If they make a loss, they may cease production
as some plants are now have stop production.
I am anticipating for news on the Hauling Road completion by June.
Cheers CCD
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