Australia's largest stock trading and investment forum Australia's #1 stock forum

CNB

Click for more information

3.54%

54.5¢ carnaby resources limited

kemlYes, CNB is in an extremely well-placed position regarding...

First 89 Last

Share
Profile

Follow
1912

3,687 Posts.

624

11/05/24

12:00

Post #: 73776278
Share

Originally posted by kemj: ↑

“Copper futures surged above $4.71 for the first time in over two years, ahead of the $10,000 per tonne threshold, as markets continued to gauge the extent of supply deficits against bullish near and long-term demand. China’s Politburo changed its rhetoric to signal a deeper concern with the country’s property crisis, triggering expectations of rate cuts and speculation of quantitative easing. This aligned with a jump in copper ore imports and expansionary manufacturing PMIs, indicating that the world’s top producer of refined copper took in large volumes of inputs despite the sharp increase in prices. In turn, the pessimistic availability of copper ore due to setbacks in key mines hampered margins for smelters in China, responsible for over half of global supply, resulting in a potential 10% output cut this year. High costs of committing to new mines drove giant miners toward M&A activity instead of starting new projects, recently headlined by BHP’s attempt to buy Anglo American.looking promising”

a neat précis from tradingeconomics.com

Expand

keml

Yes, CNB is in an extremely well-placed position regarding its ongoing copper discovery!!

Happy days are ahead.....

CNB Price at posting: 68.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 52 more messages in this thread...

First 89 Last

Add CNB (ASX) to my watchlist

(20min delay)
Last 54.5¢		Change -0.020(3.54%)		Mkt cap ! $95.42M

Open	High	Low	Value	Volume
56.0¢	57.5¢	54.5¢	$288.0K	515.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1000	54.5¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	2848	2

View Market Depth

No.	Vol.	Price($)
3	23000	0.540
1	15000	0.535
2	5900	0.525
2	11746	0.520
2	4450	0.510

Price($)	Vol.	No.
0.550	2848	2
0.555	2882	1
0.560	8760	2
0.565	5000	1
0.570	32555	2

Last trade - 15.15pm 05/06/2024 (20 minute delay)


Last 54.0¢			Change -0.020 ( 3.74 %)
Open	High		Low	Volume
56.0¢	57.5¢		54.0¢	99110
Last updated 15.37pm 05/06/2024 ?

CNB (ASX) Chart

SPONSORED BY