DM1 4.17% 2.3¢ desert metals limited

It is an excellent time to be exploring for the 6-8 high quality...

  1. 1,476 Posts.
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    It is an excellent time to be exploring for the 6-8 high quality ~12,000Siemens Nickel sulphides at Dingo Pass.

    The price of nickel rose to $US22,845/tonne last night, broke above $A30k/tonne for the first time in over a decade. $A31,689/tonne to be exact.
    Nickel-Price-US22k.png

    Even though the price of Nickel has hovered around $US20,000/tonne for the last 6-9 months, London Metal Exchange and Shaghai Futures Nickel Inventories continue to deplete due to rising demand from EV and Grid Storage Lithium Ion Battery manufacturers.


    Nickel-INventory-LME-shrinking-even-with-10-yr-high-prices-due-to-EV-Grid-Storage-battery-demand.png


    Today's Nickel Price of $A31,689/tonne is 3x higher than when Sirius Resource discovered Nova Bollinger....


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