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NT to buy on HL
Imagine if this happened to Vanadium - Its a possibility
"@Bloomberg says: “Nickel surged to a fresh record on Tuesday -- touching $58,000 a ton -- after jumping as much as 90% the day before in one of the most dramatic one-day moves ever in commodity markets. Prices have been rallying for weeks, as traders worry about the possibility of disruption to supplies from Russia, the largest exporter of refined nickel.
Will soon have its 'nickel moment' when we see a crazy jump in price of around 20-30%. You just cant rule anything out at this moment. The market doesn't understand how volatile the pricing for vanadium can be. I sit and wait for that moment. The most exciting time in years to be a BMN holder
Vanadium should have both feet in the $60 price range by monday (if not already) and should be around $70-75 by this time next week if current run rate maintained. That should result in $150M EBITDA for Bushveld. The market is about to get a big shock.
End-users in the steel industry are avoiding material with origins in Russia because of that country’s war on Ukraine, and are instead securing supplies of noble alloys units in Europe, purchasing large amounts at higher prices even in markets in which Russia does not dominate supply.
Sanctions imposed on Russian entities and individuals have significantly disrupted global tradeflows, with many companies avoiding all Russian goods
https://www.metalbulletin.com/Article/5087480/Latest-news/Noble-alloys-prices-up-in-Europe-on-drive-to-avoid-Russian-supply.html