@anthonyzya (sorry lost the reply tag)
Could be wrong but at a guess I would say perhaps something to do with lower steel production outlook in China leading to lower Nickel demand at a guess. Same thing that's been driving iron ore prices lower.
CTM is at the top end of the Nickel market producing a high quality product to supply the battery market and not in production until 2024 and so unlikely to be impacted by current issues in China, but still taking a hit regardless.
Trading day running commentary, page-2296
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49.0¢ |
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Mkt cap ! $243.3M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 50.8¢ | 47.0¢ | $240.7K | 493.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 48.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 130000 | 2 |
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