Nickel sulphate already attracts a 3 - 4000 dollar premium so we are already over $20000 AUD per tonne for the product we will eventually be producing.
I do bang on about palladium a bit but it is indicative of how the market structure can change pretty quickly when there are supply issues. (we also have plenty of hits @ 3 grams per tonne of which Pd is averaging %70 - @ $2200 AUD this is a mine in its own right)
The supply issue with Pd will not be fixed in the near term as change to platinum will take time. As stated in this article "Platinum is a viable candidate as a substitute for palladium, but a platinum autocatalyst with the same efficiency is likely years away."
I go to India every year and I can tell you that the air pollution there is abysmal. If you go online you will see that, out of the top 10 cities for bad air quality, 8 of them are in India.
This is a very hot topic in India and the political stakes are high. India doesnt gain the attention like China but the near term market here for both the metals and EVs is enormous and there is already a lot of talk there about EVs etc which doesnt seem to get into the western press. India will overtake China soon in regard to population and the middle class is exploding.
It is written! ;-)
SGQ Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
