Does this further re-enforce the need for two separate nickel markets...Yes...I think it does. When your this picky about your nickel there must Bevan obvious reason. Therefore, theoretically there should be different pricing to reflect its intended end use, and whether or not the nickel being sold needs further processing before it can be used directly to achieve the end state.

The more processes a particular nickel laterite has to go through the cheaper and less desirable it should be in relation to Class 1 nickel.

TM.

https://www.reuters.com/world/china/tsingshan-inks-deals-swap-nickel-products-lme-delivery-state-media-2022-03-16/

.....The LME only accepts nickel cathodes, pellets, briquettes and rounds for physical delivery, while Tsingshan's products nickel pig iron and nickel matte - an intermediate product that can be used in both stainless steel and batteries - cannot be traded on the exchange.