Yes. Everyone should sell their shares in Nickel mines really...

Yes. Everyone should sell their shares in Nickel mines really cheap right now. *wink wink*
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"Global primary nickel production may grow 19% in 2022 to 3.21 million mt and the nickel deficit of 2021 should swing to a mild surplus of about 40,000 mt in 2022, albeit comprising mostly low-grade metal, according to Russia's Nornickel." Source

But seriously. The grade of these 'excess' reserves is very low, and the news sounds like a copy & paste affair by Macquarie from Goldman Sachs - who have a reputation for making ’announcements’ to the market in favour of their intended purchases.

They’ve done it so many times before, and they know there's a mass exodus away from overpriced petrol and into the electric vehicle space, not to mention the EU announcing the legislated elimination date of internal combustion engines.

EV manufacturers publically laughed at the ’news’ stating they have enormous backlogged orders of quality Li and Ni. Literally saying ‘We actually MAKE electric vehicles, and we have no idea what they’re talking about, and frankly we don’t think they do either.”

If Goldman Sachs say ‘it’s a terrible time to buy gold’ - then the first thing you should do is go and buy gold.