If ni price plunge below 9,000 usd aton, 100% of producers will stop producing...they are alreday at loss
at 9,000 usd a ton it will be a suicide...so if ni producers all announce care and maintenance then price wil bounce back at 5.5then 6 and above
Ni producers are not traders, even now and below 9,000 usd a ton, workers lay off..care and maintenance figure, i cannot see the other way around....
Main COP is actually above 5.5 for some well above 6.5...already at loss, cash flow burning...they cannot survive another 6 months...
will be interesting to see what is going to happen, but something big will happen....
China even slow down still need ni metal...so let see
Either we will see ni price above 6-7 soon or the other way then except big injuries......just ones with still cashflow will survive......
Fredy
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If ni price plunge below 9,000 usd aton, 100% of producers will...
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