This is old but it contains some useful information for those not fully up to speed on the Tsingshan/HPAL issue.
One thing to note is the suggestion that the current Tsingshan proposal requires a nickel price of $14,000/tonne to be viable which is about $6.35/lb. That seems very much like a bottom line price which would, in my opinion, suggest at least 10% if not 20% on top of that for the market to feel comfortable. That’s $7.00/lb. to $7.65/lb. I think Amur would be more than happy with a nickel price in that range.
You wouldn’t bet against Tsingshan being successful but at the same time you shouldn’t under estimate the difficulty of the challenge they face, the speed with which demand for nickel is developing and the political risks involved building a facility in a country as unpredictable as Indonesia.