For the numbers people here is a startling look at the global...

For the numbers people here is a startling look at the global Nickel market as it currently stands in the face of a tsunami of electric vehicles hitting the markets over the next 2 to 5 years.

Current global LME warehoused stocks of Nickel is around 236,000 metric tonnes.

Current global production of Nickel is around 1,827,020 metric tonnes.

Current 2018 global demand for Nickel is 2,201,018 metric tonnes.

Current recycled Nickel metal is around 350,000 metric tonnes.

Current global ore reserves of Nickel is around 74 MT.

Current global deficit of Nickel demand verses production is around 120,000 metric tonnes.

Current increase in global demand of Nickel is 90,000 tonnes per year, per year.

Conclusion: by 2020 unless global production increases by 5% per year there will be a major deficit.

The big question is how much Nickel are the battery, steel, alloy makers holding.

Either way the LME Nickel market is under stress and supply will be very tight by 2020.

I will be watching Nickel price rises closely over the next 2 years.

By the way HIG P/E is currently just under 3.

SBM P/E about 8. by comparison.

BHP P/E about 13.

HIG share price has a lot of upside to go based on fundamentals, earnings growth, project pipeline.


gltah..