IMO it would be lots cheaper for TsingShan to buy physical nickel in China and swap (if acceptable) with LME as a hedge, although I read they did hedge with physical but with unmatched grade (hence not a perfect hedge, seems not as straightforward as we think). As I believe physical market won’t be exactly same price (I’m saying 50-80k/t) as the spot price after 2 days big spike and this price won’t be sustainable.
Ann: Ceasing to be a substantial holder, page-51
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Last
83.0¢ |
Change
-0.010(1.19%) |
Mkt cap ! $3.589B | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 85.5¢ | 83.0¢ | $1.192M | 1.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 97787 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 56678 | 27 |
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| Last trade - 11.11am 16/09/2024 (20 minute delay) ? |
| NIC (ASX) Chart |