US Critical Minerals List Excites Investors

We catch up with Mark Selby, Nickel Market Commentator and CEO of Canada Nickel Company (CNC). A really strong conversation today with lots of tips about what you should be looking for. 

With China National Golden week starting on October 1st, things have quietened in China. Nickel prices are largely flat and the mood is generally flat. We saw copper back over $3/lbs. Generally, nickel fundamentalists are seeing strong ore prices and weakening stainless prices with NPI prices holding firm (given ore prices make it tough for the chain to make $$).

The market is trying to figure out it's direction – a 2nd wave is now raging in a number of economies. Broadly, Chinese PMI is in a good spot, continuing up and slightly better than expectations. Don’t expect much movement until the Chinese are back in a week.

Mark steps in to talk about Cobalt. Jervois Mining has put out FS in the last 2-weeks and made an acquisition of Ni-Co refinery in Brazil from Votorantim. This is a smart deal and it gives control to saleable product and future optionality from their Australian laterite project. Jervois has the best junior team in nickel-cobalt space with Johnston, Crocker and Rodrigues.