Recorded on March 8th and shared with Junior Stock Review Premium subscribers first - Junior Stock Review Premium
On March 4th, the nickel price fell almost a US$1/lbs hitting a 60 day low of US$7.51/lbs.
Why?
Great, question.
The fall in price coincides with an announcement from Tsingshan, a Chinese Steel Company, which stated that they will supply 100Kt of nickel matte to the market in the future.
This announcement needs context, and so I have asked Martin Turenne, CEO of FPX Nickel Corp. (FPX:TSXV) to join in my in a conversation.
We cover:
- Who is Tsingshan and why does the market care what they announce?
- What is NPI and nickel matte? Specifically to nickel matte, where/who consumes it?
- With the nickel price falling in response to this news, in your view, what is the market telling us about its potential impact on the nickel market?
- Personally, what impact do you foresee given Tsingshan's announcement?
- Finally, metal prices are hard to predict, but can you give us an approximate range for the nickel price in 2021?
FPX Nickel Corp. - https://fpxnickel.com/
Disclaimer: The following is not an investment recommendation. I am not a certified investment professional, nor do I know you and your individual investment needs. Please perform your own due diligence to decide whether this is a company and sector that is best suited for your personal investment criteria. Junior Stock Review has NO business relationship with FPX Nickel Corp. Brian Leni is a shareholder of FPX Nickel Corp. and therefore biased in his view of the company.
