11 November 2024 – Once again, the Indonesian government has warned of the end of nickel reserves in the country and called for them to be conserved and new deposits to be sought. Will the end of nickel reserves come sooner than expected? And the US stock markets can benefit significantly from Donald Trump’s election victory.
US stock markets benefit significantly from election result
Since the election of Donald Trump as the new president, the US stock market indices have posted significant gains up to Friday of last week. The Dow Jones Industrial Average (DJI) rose by 4.2%. The S&P 500 rose by 3.9% and the NASDAQ Composite improved by more than 4.6%. However, the US Small Cap 2000 led the stock rally with a gain of almost 7%. The US Small Cap 2000 is a benchmark for the performance of smaller companies in the United States.
Renewed warnings of dwindling Indonesian nickel resources
Last week, the Indonesian Directorate General of Minerals and Coal (ESDM) once again warned that the country’s nickel reserves were dwindling and emphasised the importance of intensive exploration for new nickel and other raw material deposits. Otherwise, the downstream programme initiated by the government could not be adequately supported.
Out of Nickel: Unnoticed, the raw material runs out
We would like to point out that we first warned extensively on 26th April 2022 about the depletion of Indonesian nickel reserves, as well as other important global nickel deposits.
First warnings followed as early as May 2022
As a result, the Indonesian government was forced to admit on 12 May 2022 that the country’s nickel reserves, which had previously seemed infinite, were finite and that the known high-grade nickel reserves could be used up by 2031 and the low-grade nickel reserves by 2036.
Indonesian government without a nickel strategy?
The mining intensity with which Indonesia is exploiting its nickel reserves has led to the reserves being depleted ever faster. For some time now, the Indonesian government has been trying to curb overexploitation. Recently, warnings of the end of Indonesian nickel reserves have increased significantly.
If we look at the predictions of so-called price forecasters in this light, we have to grab our heads and ask ourselves for whose benefit are you writing this?
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
