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> take the information we know about that nickel Yea the problem with this is tracking basic materials, commodities is HARD. Nickel is about 15k a ton... so a
by zer00eyz 3y ago
> take the information we know about that nickel
Yea the problem with this is tracking basic materials, commodities is HARD. Nickel is about 15k a ton... so a buck a KG to track (not unreasonable) you're adding quite a bit of cost. How about zinc at 2k a ton... that's a huge cost addition.
Let's be clear tracking and sourcing of basic commodities would be a HUGE win for a lot of industries. Metal fraud is large, and rampant. See: https://www.reuters.com/markets/europe/devils-metal-strikes-again-trafigura-nickel-fraud-case-2023-02-17/ https://www.reuters.com/markets/europe/devils-metal-strikes-...
The reality is that people who think these things up have little context for the complexity, scope and scale of what they are proposing. If they want the information to be accurate and useful then it's going to be expensive. If they want the system to of reasonable cost then it isnt going to do the job...