LOL, the macro Ni market is booming, with supply to the west shutdown and the eastern block booming in production but blockading the west while chinese price fix the NP at LME they own using the dufus UK legal system against themselves.
So back in the real world,
NP STILL GOING UP, now $8.59 uslb
NICKEL Price
18,936.00
+30.00
+0.16%
09:59:00 AM MI Indication
The much faked and discussed NP collapse NEVER HAPPENED.
Western supply shutdown, eastern stocks blocked, global demand tripled.
Biden tariffs on chinese EVs, chinese steel, ruskie nickel & ruskie everything is creating a Ni BOOM.
The west has NO NICKEL, it cant produce the EVs, military stocks and batteries needed for them alone forget global exports.
Wheres the Ni ?
NP ought to be at 15-25 imho, the Ni market is rigged by the chinese owned LME, BIG SHOT, Tsingshan and the ruskies. Cant stay this low forever imho.
Looks like swiss Dolefin SA agrees,
POS is still one of the last aussie Ni men standing (other than IGO).
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