The Nickel Boner Report - Red Stevenson
Nickel is currently only tracking the recent rises of Copper with little N4 residual effect just evident. What is N4?
Still up to 25% growth in Nickel price to come as the Battery revolution eventually overtakes the NPI steel industry as the major user of Nickel ore. But for now the Boner still continues bringing the current Nickel price to $AU15,200/t.
For POS - $AU17,000/t is a BS start up including funding. If we co-process gold with NST and other local suppliers, funding becomes even less of an issue. $AU18,500/t for LJ start up including funding.
How long will the boner last, depends on Copper Price and the when N4 actually starts to kick in. I will let the resident homeopathy chart experts spin their story on how the charts are looking.
Some are a bit worried about the current LME stockpile. Let me easy your concerns with one simple question:
Do you know how many tonnes of Nickel are going to be used just in the Telsa South Australian Battery solution?
Now this is an ICHI classic:
RED knows.....DYOR
Nickel Boner Update
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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| Last updated 15.59pm 26/04/2024 ? | |||||
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