Thank you for posting that.
My interpretation of the "low margin for sulphate" is that this would be for companies that buy nickel and convert it to sulphate.
Thus that conversion margin could possibly be regarded as a premium over nickel metal if a nickel producer was taking it all the way from ore to sulphate.
I suspect my interpretation is off the mark though.
But agreed, flooding the market is a concern for sure.
my 2 cents, ymmv, dyor etc
Trading day running commentary, page-4162
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