Yes it's the price for nickel concentrate, hence there are a separate pricing for laterite nickel ore at different grade, which AVQ is doing and this is mainly used for NPI production (a substitute for "pure" nickel concentrate for stainless steel production).
So those companies that produce nickel concentrate look at those LME price (which he posted) but it isn't the price of 1% or 1.5% laterite nickel ore, is it?
