They won't backflip because they need the money, however their...

They won't backflip because they need the money, however their worrying stockpiles are low grade ores, so one has to factor the effect on the Philippines .. Not good, as a re-balance is underway there. An environmental at that, so one might guess the real loser is the Philippines ... ie: The Philippines became the world’s biggest supplier of mined nickel and the largest shipper to China. Now, their shares are tumbling. Nickel Asia Corp., the country’s top producer, fell 14 percent on Friday along with Japan’s Sumitomo Metal Mining Co. and GMK Norilsk Nickel PJSC.

Meanwhile back at WSA the term low grade is never spoken of. Rather, the offtake agreements with BHP and Tsingshan speak of high grade concentrates