For producers like IGO and specially WSA at 19.2% down , They are the most affected.
At least PAN sustained minimal damage here as it is in C & M. If PoN continue to
drop next week then we could be back to 22c or below. The problem now, how long can
we be in C & M until PoN recovers to justify going into production. It could be a very
long time or sooner if this Impacts the Major producers like Glencore, First Quantum or
BHP Nickel West calling it quits. Mind you , Philippines two big producers FNI and NIKL
are now 10% down as well. Total Panic, that's what happened today Friday the 13th.
PAN Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held