At a guess, we're hopefully close to a top.
Charts look to be settling around the 4400 US/T contract, SLOWLY reducing to around 4100 US/T , mid next year.
With luck, this price range might balance beautifully , to where new startups are not quite cost effective, inflationary costs wise, but is immensely profitable for current miners.
Adding to that, an economic and politically stable supply chain too, adds attractiveness.
If political issues do accelerate in the Ukraine however, then all bets are off.
ANY current supplier will likely be bombarded with longer term price hedging, and with a relatively stable currency, climate, political situation, and economy, MLX does look stable and immensely profitable, for the foreseeable future supply.
Now, if we can just return to the mid 50's channel, please? These low 60c parcel buys sting me , every time I buy...
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $385.5M |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 43.0¢ | $429.8K | 988.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 201402 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 23408 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 195402 | 0.430 |
3 | 130000 | 0.425 |
4 | 120635 | 0.420 |
1 | 40200 | 0.415 |
3 | 104500 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 90056 | 2 |
0.445 | 255448 | 3 |
0.450 | 115000 | 3 |
0.455 | 108596 | 2 |
0.460 | 215588 | 6 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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MLX (ASX) Chart |