RE: Further evidence26 Feb 2024 14:22
Even the telegraph is piling it on. I didn't go looking for this but it's from today's live feed
"FTSE mining stocks have plunged to their lowest level in more than two years amid a flood of cheap Indonesian nickel onto global markets.
Many of the world’s largest nickel mines have been left unprofitable amid plummeting prices for the metal, which is vital for the development of green technologies.
Western governments are scrambling to secure supplies of nickel as they seek to hit net zero goals but coal-fired nickel mining in Indonesia, backed by China, is pricing out more climate-friendly producers."
Before the hyper sensitive get upset, sentiment really is hitting bottom, and I still have horses in the nickel race via BHP and Ecor. I'd much rather it was higher.