Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nickel Now up 19.30% that’s up 5,581 today with Nickel sitting at 34,500 per tonne
An RSN due anytime could send URU double figures very easy in a day
Perfect timing with growing demand for EVs and the need of Nickel, hopefully URU will finally start to recover from here
GLA Holders ;-)
Let’s just hope JZ is not typing up his standard we know no reason RNS
I find it funny when he releases these when the shares have plummeted from my buy in price of 2p (£20.00 in todays price) several years ago
I feel that If JZ had stopped dragging his heels we could have taken advantage of these rocketing Nickel Prices.
However if Nickel prices remain at these levels, I feel URU could have a massive potential
Good luck all holders, still holding here for my sins lol
(Bloomberg) -- Base metals are heating up yet again, with nickel reaching $24,000 a ton for the first time in more than a decade and tin notching up a fresh record on supply snarls and China’s monetary easing.
Metals supplies are dwindling amid the global recovery from the pandemic with all the main London Metal Exchange contracts in backwardation -- a condition in which prices for cash delivery are higher than futures -- signaling supply constraints. The nickel market reached its tightest since 2007 after a plunge in exchange stockpiles, which prompted closer monitoring from the bourse.
Nickel jumped further following a 4.9% surge on Wednesday as Chinese lenders lowered borrowing costs for a second straight month after the central bank cut policy loan rates and pledged more easing to spur the economy, which is under pressure from an embattled property sector, a pillar of metals demand.
“In addition to the latest liquidity easing from China, extremely tight metal supply is a key driver of the rally,” said Wang Yue, an analyst with Shanghai East Asia Futures Co. In nickel’s case, “demand from electric-vehicle batteries is so strong that immediate supply can’t keep up,” he said.
Read more: Metals Key for EVs Will Be Pricier for Longer After Record Year
In spot news, production at the China-backed Tagaung Taung nickel-processing plant in the Sagaing region in Myanmar was halted this month after electricity was cut off, researcher Shanghai Metals Market said, citing a report from The Irrawaddy. The plant produces 85,000 tons of ferronickel annually and is the largest in the country, according to the report.
Nickel advanced 4% to $24,080 on the London Metal Exchange by 11:57 a.m. in Shanghai, the highest since August 2011. Futures in China surged the daily limit. Tin climbed 2.1% to a record.
The Company looks forward to updating the market with news flow emanating from the drilling program on Zebediela, as well as receiving a granted Mining Right from the DMRE.
Can’t be much longer now :-)
Good luck all holders
No worries, hope it works out for all shareholders :-)
Uru Metals [LON:URU] also fared well, up 24% on the day. A majority owned subsidiary company has confirmed that it will begin trading on OTCQB junior market in the US, something which has the potential to boost its valuation significantly.
Fingers crossed we have started to move again
Nickel hitting new highs, timing here is a major positive
Nickel is sure is getting a lot of attention hitting its 10 year high,
Still holding here waiting for a possible sell off and maybe a divided payout, fingers crossed, it’s been a long wait
URU have alot of Nickel in the ground as we all know, let’s hope some big investor is keeping there eyes on it to.
As Nickel inventory’s are reducing month by month I can’t help but think how exciting this is going to become
Good luck all holders :-)
3 months ago they were £350.00 to sell equivalent to 0.35p in old price, considering I bought at 2p (£20.00 in todays money) I would advise to hold
However investments can go down as well as up
The market is very uncertain at the moment with covid providing a negative effect together with slow market updates from URU
Good luck whatever you decide to do
Massive demand for electric vehicles and its raw materials, let’s hope we can start to shift things and take advantage of the opportunity that is coming
We have massive amounts of Nickel in the ground to offer let’s just hope it’s sooner rather than later
Keeping fingers crossed for an upward trend
GLA Holders, especially the LTH Like myself