Greenland’s becoming the new frontier for those in the mining industry who explore for, find, and develop (to a certain point) the world’s future mines.
Standard Bank says "it is hard to make a case for the nickel price to move well above the marginal cost producer, which we put currently around $17,000mt."
FT's John Gapper writes: "This abrupt integration of metals trading and storage echoes how banks piled into subprime mortgages before the 2008 crisis."