Hahaha most likely.Have a look at the nickel price. We are...

Hahaha most likely.

Have a look at the nickel price. We are seeing significant stresses in the nickel market for supply to meet ever growing demand.

Nickel has been in a structural deficit on the London Metals Exchange for the last 9 months.

Now inventory levels have falled to such a low level, that no matter how fast these old nickel mines try to lift production and bring lower grade nickel to market, which takes months, inventory continues to fall on the LME. Even with near record prices. Demand from new EV battery plants and expansion of existing ones is causing havoc to pricing.

One thing it is going to do over time, is allow what was considered unprofitable lower-grade nickel deposits to come on stream in 6-18 months from now, which will help increase some small supply numbers at the back end of 2022 early 2023.





We are only around 14,000 tonnes away from the all-time record inventory lows of 2019 on the LME for nickel.

Once this is broken in the coming days/weeks, things will really get interesting to the price. Look at lithium up over 9x in price. Nickel is still only up 2-3x in the last 12 months at the $US50,000/tonne level.

Any nickel discovery over a previously thought of "low grade" 0.5%Nickel is profitable at >$US35,000/tonne nickel price level.


It is the best time in decades for Desert Metals to be exploring for nickel, copper, palladium, platinum and gold in low risk Western Australia.

I wonder how far away we are from the palladium and platinum drilling results from Innouendy being released? Can't be too far I dont think.

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