Green Energy Boom # Nickel30 Jan 2022 23:21
Evening all
Haven’t posted on this board however took a small position for some Rum cash ,
thanks to the heads up from fellow EUA investors a couple of weeks ago .( cheers for that )
With Nickel inventories running dry & Green Energy Boom driving precious metals higher ,
# Nickel the new Gold
Potential offer on the table for company assets , was certainly worth a look with current Green Energy Boom not only supporting prices but driving them higher.
Nickel price 22,738
1 month + 12%
1 year + 29%
http://www.kitcometals.com › charts › nickel_historical... ( inventories reducing )
From Reuters ;
Benchmark nickel futures on the London Metal Exchanged traded below $23,000 a tonne at the end of January, not far from a decade high of $24,320 touched on January 21st, as risk-off sentiment drove a correction in the nickel market while rising demand and low inventories continue to buoy the prices. On-warrant nickel stocks were at their lowest since December 2019 at 48,846 tonnes and nickel stocks in Shanghai Futures Exchange warehouses are close to record lows at 4,859 tonnes. Meanwhile, the demand from the battery sector remains firm as electric vehicles sales are rising and economic growth in China is set to pick up again amid further stimulus. .
I appreciate many have been invested donkeys here & seen the stock price erode due to poor BOD decisions etc ,
however the ducks could potentially all line up for all invested , if this deal gets nailed .
# Green Energy Boom
Good luck All