Maybe the suspension wasn't such a bad idea after all. As long as you can afford to patiently hold, CLA could well become the rocket again that we were all dreaming of, quicker than esp. the doomsday sayers want us to believe.
https://seekingalpha.com/article/4246690-top-5-nickel-producers-smaller-producers-considerLook esp. at this: Inventory way down, at lowest level in years....
Yet price also way down.
As long as basic market principles of demand and supply determining the price still apply,
Ni (and Co) prices are set for a dramatic rise. A rise that could come so fast and surprise many of us, as much as the 2018 decline had not been expected.
Other key quotes for me are:
With annual EV production expected to reach 31 million vehicles by 2025, demand for high-purity class 1 nickel may increase significantly from 33 Kt in 2017 to 570 Kt in 2025. This comes on top of class 1 demand from traditional end-use segments i.e., plating, foundry and super-alloys. A shortfall in class 1 nickel production seems increasingly likely as current low nickel prices do not support class 1 nickel capacity expansions and alternative strategies e.g., shifting existing production from nickel cathode to nickel sulfate or refining nickel intermediates, seem unlikely to provide long term solutions. As a result, not only will nickel prices likely need to move towards incentive pricing but the future pricing mechanism is likely to reflect two distinct nickel products: class 1 and class 2.
A shortage of class 1 nickel will likely see pricing revert to incentive pricing levels required for the introduction of new capacity or the reopening of mothballed capacity. These incentive pricing levels will need to be above current nickel prices and could increase significantly if the supply-side response is slow.
I have nothing else to add - except: Hold your nerves - and your shares!
