I suspect CBMM won’t get much of a choice. The power will lie in what customers want. For instance several customers might slice away a portion of usual CBMM volume and reallocate it to WA1 on the basis of good risk management in business (supply diversification).
Factors such as existing supply contracts and the agreement timeframes will all play a part here. it was incredibly strategic and wise of management to employ Gustavo Macado on an exclusive basis to start solving this problem while the asset is still in the development stage. This will really allow the company to hit the ground running when the time comes.
Niobium Market Fundamentals, page-13
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Last
$12.97 |
Change
-0.305(2.30%) |
Mkt cap ! $873.5M | |||
| Open | High | Low | Value | Volume |
| $13.16 | $13.16 | $12.60 | $1.390M | 107.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 429 | $12.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 325 | 9 |
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| Last trade - 13.34pm 11/11/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |