Unfortunately, more fear, uncertainty, doubt (FUD) based MSM reporting. Biased and agenda driven.
Firstly 65-70% of global nickel use is in Stainless Steel Production.
10-15% in EV batteries.
5-10% in Alloys for the Aerospace Industry.
Will the Stainless Steel Industry get a mention on the TV, doesn't appear to in the rag above?
As an example. Approx 40% of Teslas sold are standard range or RWD vehicles, Model 3s and Model Ys (Model Y was the highest selling vehicle in the world in 2024). These are fitted with LFP batteries made up of:
Cathode - No nickel, no cobalt, just iron paired with phosphate.
Anode - Typically graphite (carbon based) no nickel here either.
Electrolyte - Lithium salts in an organic solvent, also nickel-free.
Other Components - The casing, current collectors (aluminium and copper), and separators don't involve nickel in any meaningful way.
Also, Tesla Powerwall batteries are LFP as are most other BSS (Battery Storage Systems).
Once again, the broad-brush approach suits the agenda and steers the gullible to believe extreme views.
Yes, some other EV battery chemistries are nickel based. And Indonesia doesn't have a very good reputation regarding pollution. (just have a look at Bali). I suggest it is up to the manufacturers to steer clear of low level ESG credentialled suppliers, but that approach hasn't matured in the real markets yet and may only in the future if regulators intervene?
I never post on companies I don't currently hold shares in, but I couldn't input something here. I did hold a lot of RNU shares from 2018 to 2024 and have tried to rebuild a stake in early 2025 but am watching closely ATM. I control some accounts for my children and grandchildren that do hold shares, so have stated my position as Held.
DC has done exactly what he stated he would do back in about 2021. He has the patience of a saint; I had to re task funds over the years.
RNU may have its time in the sun soon.
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Unfortunately, more fear, uncertainty, doubt (FUD) based MSM...
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Mkt cap ! $144.9M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 354999 | 5.7¢ |
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Price($) | Vol. | No. |
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6.0¢ | 224145 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 354999 | 0.057 |
3 | 147000 | 0.056 |
11 | 524997 | 0.055 |
3 | 330290 | 0.054 |
3 | 120001 | 0.053 |
Price($) | Vol. | No. |
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0.060 | 224145 | 3 |
0.061 | 200000 | 1 |
0.062 | 106754 | 2 |
0.063 | 69297 | 2 |
0.064 | 5000 | 1 |
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