looks like Glencore on the hunt for Ni assets in WA too $200B pa...

looks like Glencore on the hunt for Ni assets in WA too
$200B pa revenues up 32% on commodity rises, 4 times larger than BHPs $58B
Already making a motza on the old ANL mine/mill at MM, AFs old failed CEO haunt.
Looks like they wont sell MM for any price now but may well expand it & expand WA Ni assets.

https://www. k i t c o . c o m /news/2021-08-05/Glencore-announces-530-million-dividend.html

"the subsequent economic recovery has seen prices of most of our commodities surging to multi-year highs amid accelerating demand and lingering supply constraints. Fiscal and monetary stimulus, successful vaccine roll-outs, and increasing momentum in relation to the decarbonization of energy systems should continue to underpin sector sentiment going forward," wrote Glencore's Chief Executive Officer, Gary Nagle"

Becoming a very very crowded space in WA NIckel for very very little uncommitted production assets remaining, only POS near term production has no committed offtake and BHP controls a majority of all the other offtake in WA Ni.

Dont forget FQM now pumped with $300M POSCO cash for Ravensthorpe & boosting production as NP now way higher than 5.00 at 8.82 and rising.

Describing MCR as Forrest backed is a furphy, its BHP offtake controlled & even if he had 37% like in Noront it would not matter. He who controls the money controls the asset.

AF left behind & his dreams of Ni empire in tatters now.
Come back to the Ark!