It still depends highly depend on nickel. They also deal in oil/gas (in Cuba). Cobalt has seen a lift, because it's used in technology. They're certainly not flourishing, though surviving. He wants to see signs of global stabilization especially in China because that will help the nickel, copper and zinc prices and lead to Sherritt rebounding.
Why does the TSX follow the American markets in this US-China trade war? A complicated answer. We sell according to world prices. With more tariffs from the US and China, it'll probably hurt China more, so that'll dampen their demand for resources like oil and gas. If steel and aluminum tariffs are rescinded (it could happen), that will benefit Canada. Remember, 70% of our trade is with the U.S., so what happens with the U.S. effects us.