NP rebounding today UP 2.4% Markets realising the Indo Ni...

NP rebounding today UP 2.4%
Markets realising the Indo Ni saviour theory is bull
Indo Nickel is in diabolical situation with shutdowns, pollution sopills, many deaths of local workers who work like slaves, with strikes and government & police inspectors crawling all over the chinese there
The Police shutdown one of the main sulawesi refineries after 14 deaths and 40 injured in furnace blast as chinese cut corners and dump on the Indos with more shutdowns and deaths to come no doubt.

With MCR PAN FF all shuttering & Alcoa shuttering the Kwinana alumina refinery also yesterday, the sector has reduced supply and Indo supply is being slashed also.
The flood is fake news, any refined Ni from Indo goes cheap direct to China for production of end product at $150k UST (forget $16kpt) and not for briquettes for general sale at wholesale prices.

Soon market realises theyve been had by BIGSHOT and the prices retrace imho
But this is unlikely to save MCR PAN FF in time

While POS remains the last man standing with NO DEBT NO OFFTAKE NO JUNKBONDS and no creditors & $10M cash at bank ready to produce early at very low capex.

https://mar kets. business insider. com/commodities/nickel-price
NICKEL Price

16,071.50
+371.50
+2.37%