I have been looking into buying NIC, one of the brokers reports down graded NIC due to rising Nickel ore costs. From what I can see NIC has its own mine so not sure how ore costs increases are a negative. It also has a large converter business. Would anyone like to guess what percentage of ore for the converters needs to be bought compared to how much ore they produce themselves. I’m sure I could work it out with more time but wanting to to cheat. Thanks
LME Nickel Price, page-36
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80.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.450B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.0¢ | 79.5¢ | $2.881M | 3.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19275 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 20701 | 3 |
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| NIC (ASX) Chart |