Yes, up 6%. Apparently due to battery excitement. I’m telling you, we haven’t felt the full effect of battery euphoria yet. And the majority of nickel being shipped by the big players is the cheap stuff that can’t be used in batteries.
GXY doubled on the back of renewed excitement about batteries.
I understand broadly arguments for shorting lithium suppliers due to the potential for oversupply- but that just doesn’t apply for nickel, which has an existing use on which it is mostly currently priced, and where future supply does not seem to be abundant.
opportunity?, page-436
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