Nickel Market Update – Today Is The Largest Price Spike We Have Ever Seen In Nickel
Martin Turenne, President and CEO of FPX Nickel (TSX.V:FPX – OTCQB:FPOCF) joins us to discuss the spike higher in nickel prices today. Up over 60% today, the nickel sector has never experienced this degree of a price move ever.
We cover a range of topics including war impacts on price, how big of a player Russia is in the nickel market and what it could mean for a shift toward more supply from trusted/domestic sources. We also touch on the possibility of substitution out of nickel and how this price spike could impact the green energy movement.
Click here to visit the FPX Nickel website and learn more about the Company.
Paul, if you believe that Iran and Venezuela are your enemies, you have been totally fooled by the mainstream media. Your enemies come from within. LOL! DT
I wondered if there was a catalyst that caused Group Ten to breakout from its overhead down sloping trend line. Maybe the advance in Nickel explains it. Group Ten seems like it stands to benefit from all its high grade nickel in a safe jurisdiction. I would think the major base metal producers are circling. Only a matter of time, but I hope Group Ten can continue to expand through the drill bit and reward shareholders before a takeover happens.
They released good drill results today.
Thanks Wolfster.
Charles & Wolfster – Agreed on both points… Group Ten Metals has a significant portion of it’s value tied up in Nickel, which is why most nickel-related stocks surged lately. I mean look at the 23% boost that FPX Nickel got today for example as their ounces in the ground got revalued.
However, with Group Ten the additional great drill results were an added boost to (PGE) today. Nice action up 14.5% on the day. We are set to interview Mike from PGE later this week so stay tuned.
It was great getting Martin on the show today though, from FPX Nickel, as he’s really our thought leader and an expert in the Nickel sector.
Ever Upward!
Thanks Ex. I appreciate you scheduling in Group Ten.
Absolutely Charles. Group Ten is an interesting story to follow along with, the news out today was pretty engaging, and in full disclosure I’m a shareholder of Group Ten, as well as FPX Nickel, and believe both companies are well run with solid assets.
(PGE) (PGEZF) Group Ten Reports High-Grade Drill Results Spanning Seven Kilometers at Stillwater West, Demonstrating Significant Potential for Expansion of Critical Mineral Resources in Montana, USA
7 Mar 2022
https://ceo.ca/@accesswire/group-ten-reports-high-grade-drill-results-spanning
The moves lately in Palladium likely are giving Group Tens a bit of a boost as well.
While Russia is an important player in the Nickel space, it is even a larger player in the Palladium space.
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Sanction Fears Send Palladium Prices Soaring
By Julianne Geiger – Mar 07, 2022
https://oilprice.com/Metals/Commodities/Sanction-Fears-Send-Palladium-Prices-Soaring.html
Off topic: The USA under O’Biden has become one trans-nation under Darwin. So God, begging Iowa’s pardon, has cleared HIS throat
Huge recession coming probably a global one.
Why is Biden not letting American oil companies start producing more oil and let them drill on federal lands again like in the Trump administration instead of asking our enemies Iran and Venezuela to produce more, I’m all for climate change but those countries cause more environment problems and carbon in air than any American company are these Democrats that stupid??
Learn from funding Russia by buying thier oil now your going to fund more bad actors and I he free world will pay for it in future.