• The most cost-effective and fastest ramp up to new nickel is high-grade underground nickel sulphide mines
  • Laterite projects have been recently focussed on, as high-grade underground sulphide mines are being depleted and new discoveries have all but dried up
  • Large disseminated (low-grade) sulphide projects have not yet gone into production, even when the nickel price was above $20/lb Ni