Nickel is back!

[sptrawler]

Really, how can Nth American and European countries do EV/battery investments there with a straight face.

We've been conned on 'green metal' investments.

I thought we might be ok with LG or Samsung, but it looks as though Indonesia has trumped us.
My guess is we will have to bribe a manufacturer to build a plant here, even that will be difficult with our input costs.
The only way would be if the Govt took over grid battery ownership and sourced them from a factory built here, but I really cant see that happening.
It is about time someone told the truth on all this, then maybe a way forward can be worked out, chance would be a fine thing.
Hopefully Indonesia has some issues that cause major supply problems, it will be a while before we are cost competitive with them, unless they get 'dirty product' penalties which doesn't sound likely at the moment.

By the way GG, nickel is back, just not as we expected it. Lol

 

[bk1]

https://www.mining.com/web/french-government-flags-fresh-funds-for-nickel-rescue/

Even this sounds like too little too late.

 

[Sean K]

I thought we might be ok with LG or Samsung, but it looks as though Indonesia has trumped us.
My guess is we will have to bribe a manufacturer to build a plant here, even that will be difficult with our input costs.
The only way would be if the Govt took over grid battery ownership and sourced them from a factory built here, but I really cant see that happening.
It is about time someone told the truth on all this, then maybe a way forward can be worked out, chance would be a fine thing.
Hopefully Indonesia has some issues that cause major supply problems, it will be a while before we are cost competitive with them, unless they get 'dirty product' penalties which doesn't sound likely at the moment.

By the way GG, nickel is back, just not as we expected it. Lol

I'm not sure if Indonesia has unions that demand double pay if you have to work in the rain or down tools after 30 degrees.

 

[divs4ever]

Title of Thread : Nickel is Back

Could someone please let me know when the title of this thread is imminent and what stocks in which I should invest.

My plan is to make so much moolah from investing in nickel, dirty energy and mining that I can afford to appear at the top table with knuckleheads like King and Rudd, attend DAVOS and generally fart about giving other people advice on how they should live their life.

I repeat :

Could someone please let me know when the title of this thread is immenent and what stocks in which I should invest.

gg

well NIC is sliding ( i hold )
IGO is getting a lot of negative press ( i hold )
BHP bought OZL ostensibly for the nickel deposit OZL found ( i hold )

just don't back up the truck , and half-expect lower share prices in the near term

 

[sptrawler]

Title of Thread : Nickel is Back

Could someone please let me know when the title of this thread is imminent and what stocks in which I should invest.

gg

Good point GG maybe it is a bit downbeat, but that is the nature of nickel, at the moment all the indicators are pointing South, but as usual something will happen in Indonesia that will probably turn the tide.
Or the Aust Govt may invest in manufacturing, but as it is a stock forum, the bad has to be reported with the good.
Which should you invest in, are you being serious. Lol
Indonesia is looking good atm, but I don't invest outside Aus.

 

[qldfrog]

And same about smugness and green dream unicorns

Victoria’s PE play on scrap metal recycling turns to junk

Pacific Metal was backed by the state’s investment fund and big super. But its collapse raises the question of whether governments can really pick winners.

www.afr.com

Most of us just lost a few bucks on super.....but it was for the good of the planet ..
As long as fundamental problems are not sorted, even shipping live animals and digging dirt is too competitive for us...
So let's add it and net zero...

 

[divs4ever]

And same about smugness and green dream unicorns

Victoria’s PE play on scrap metal recycling turns to junk

Pacific Metal was backed by the state’s investment fund and big super. But its collapse raises the question of whether governments can really pick winners.

www.afr.com

Most of us just lost a few bucks on super.....but it was for the good of the planet ..
As long as fundamental problems are not sorted, even shipping live animals and digging dirt is too competitive for us...
So let's add it and net zero...

i thought ( 'smart ' ) investors would have studied SGM and rivals ( including CWY ) before parting with the cash

but agendas and narratives seem to have come first lately ( i have held SGM shares as well as Trans-Pacific Waste debt in the past )

 

[Sean K]

While this might be good for nickel sulphate producers who have good ESG credentials I hate to see where this eventually goes.

 

[divs4ever]

While this might be good for nickel sulphate producers who have good ESG credentials I hate to see where this eventually goes.

View attachment 170672

isn't that the exchange that members of the British Government were so happy to sell to Chinese interests

kiss good-bye the London financial hub if it is ( the Chinese have l-o-n-g memories )

 

[Garpal Gumnut]

While this might be good for nickel sulphate producers who have good ESG credentials I hate to see where this eventually goes.

View attachment 170672

I’m unsure whether the plaintiffs in this case are green activists or those damaged in some material way. I suspect the former. It is always unwise under any circumstances to appear in a court of law but particularly so on a matter of principle.

They do not seek monetary damages. Again a nono in the Gumnut pantheon. For these reasons I believe the LME has little about which to be concerned.

gg

 

[The Triangle]

Tasmanian Government backs Avebury mine workers

The Tasmanian Government has voiced support for the workers and families impacted by the Avebury nickel mine closure.

www.australianmining.com.au

Liontown boss says more mines will close without bailout

Tony Ottaviano says politicians have done a good job of listening on the plight of the lithium and nickel industries but without action more mine closures and job losses are inevitable.

www.afr.com

My tax dollars don't need to be spent bailing out or reeducating bogans with year 10 educations on +200k a year who still live paycheck to paycheck.

These mines need to shut and stay shut. We should be spending billions instead to develop the low grade deposits that have 20, 30 year lives and low costs.

These closures are good for Australia. The extreme wages in mining need to come down to keep the rest of the industry competitive.

 

[bux2000]

Gumnut pantheon

I went to the Pantheon in Rome, dam*ut I missed the Gumnut Crest above the door, mind you was probably distracted wondering why the builders had never come back to fix the hole in the roof.................I guess somethings never change.

All the best
bux

 

[qldfrog]

In french,
New Caledonia nickel suffering as well from Indonesia competition with low cost labour and power.
Glencore complex will start shipping ore, and might shut down

L’État français tente de sauver le nickel néo-calédonien

Le groupe Glencore a annoncé sa décision de se désengager de son usine de Koniambo.

www.lefigaro.fr

 

[Dona Ferentes]

Nickel is back (down)

With nickel prices crashing, the mining giant will write down a non-cash impairment charge of approximately US$2.5 billion on its WA nickel assets.

“Due to the deterioration in the short-term and medium-term outlook for nickel, BHP has lowered its nickel price assumptions. In addition, capital costs for Western Australia Nickel have increased due to inflation.”

 

[sptrawler]

Definitely time for the Government to build a battery manufacturing plant, before our electricity system becomes a security risk, why we would be sourcing our grid connected batteries from China when we have have all the battery materials here is crazy IMO.

Spending hundreds of billions on defense items, while at the same time having our whole electrical system built around Chinese battery storage modules, seems a complete brain fart to me.

If we are building our own batteries, we are supporting our own jobs, which pay tax on their earnings, it just seems like the obvious move IMO.
Get on the phone to LG and Samsung, for a quote, it aint rocket science.

Further to Donas post above:

BHP takes $10b hit on nickel slump, Samarco bite

The global collapse of nickel prices has hit the Australian mining giant, putting local jobs at risk.

www.watoday.com.au

Thousands of Australian jobs are at risk after mining giant BHP announced a massive $10.3 billion in writedowns following a global collapse in nickel prices and legal action in Brazil that forced it set more money aside for the Samarco dam disaster.

The country’s largest miner announced on Thursday a $US3.5 billion ($5.4 billion) pre-tax impairment against its WA nickel operations ahead of its half-year financial results which are due out on Tuesday.
BHP’s Western Australia Nickel employs about 2500 people and any downsizing of its mining operations, smelter in Kalgoorlie and refinery in Kwinana will reverberate across the industry.
Nickel is considered the rising star of Australia’s battery-driven mining green energy boom - alongside lithium and rare earths - but it has been swamped by a tsunami of supply out of Indonesia last year, which slashed prices and shuttered Australia’s sector seemingly overnight.

BHP chief executive Mike Henry said the miner is reducing operating costs at Western Australia Nickel and reviewing its capital plans for Nickel West and West Musgrave. “This is an uncertain time for the Western Australia nickel industry and we are taking action to address the current market conditions,” Henry said.

 

[mullokintyre]

While this might be good for nickel sulphate producers who have good ESG credentials I hate to see where this eventually goes.

View attachment 170672

The Biggest Joke is the the LME is owned by the Hong Kong Company, HKEX group.
The Hong Kong Government (i.e. CCP), is the largest shareholder in HKEX and is entitled to nominate 6 of the thirteen directors.
Mick

 

[divs4ever]

The Biggest Joke is the the LME is owned by the Hong Kong Company, HKEX group.
The Hong Kong Government (i.e. CCP), is the largest shareholder in HKEX and is entitled to nominate 6 of the thirteen directors.
Mick

awesome , my memory served me correctly on this

but oh yes .. the irony of it

 

[Dona Ferentes]

pickin' grinders.

.
.

Nickel to be placed on critical minerals list, giving miners access to $4 billion fund

Federal Resources Minister Madeline King says she will put nickel on the critical minerals list, allowing nickel miners to apply to access a $4 billion fund.

www.abc.net.au

 

[qldfrog]

pickin' grinders.

.
.

Nickel to be placed on critical minerals list, giving miners access to $4 billion fund

Federal Resources Minister Madeline King says she will put nickel on the critical minerals list, allowing nickel miners to apply to access a $4 billion fund.

www.abc.net.au

Isn't the nickel saga, a foreplay of the whole Australian mining and NetZero exercise future.
So where are the billions coming to pay for future clean :
iron copper gold aluminium lithium etc funds?
From the clean netzero beef or grain?

 

[sptrawler]

pickin' grinders.

.
.

Nickel to be placed on critical minerals list, giving miners access to $4 billion fund

Federal Resources Minister Madeline King says she will put nickel on the critical minerals list, allowing nickel miners to apply to access a $4 billion fund.

www.abc.net.au

Worried about 5,000 jobs being lost. Lol