Good question i don't think it's a dead duck Nickel prices have been smashed and looks like its hit the bottom of the cycle. And the company has mentioned looking into Copper & Uranium with interested parties.Speaking of pain out there in the metals space, we need to look no further than nickel, one of the worst performing base metals in 2023, falling 45% year-on-year.
With a string of mine shutdowns in Australia and BHP reconsidering the future of Kalgoorlie Nikel Smelter, Morgan Stanley believes we are close to seeing a trough.
Figure 4: Nickel cost curve chart (Source: Morgan Stanley Research 13 February 2024).According to Morgan Stanley, the nickel price has troughed at the 70th percentile and could shortly rebound.
They still see pressures on the demand side, with subdued global stainless-steel output and rising LFP market share within EV batteries, however they expect prices to bottom around their Q2 target of US$15,500/t.
Supply cuts so far (and there are sure to be more to follow) amount to around 54kt of mined nickel capacity suspensions, which would reduce our 200kt 2024 surplus by ~30%.
Guy on Rocks: Forget your hot air, the real winds of change are blowing graphite's way - *
- Forums
- ASX - By Stock
- CNJ
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNJ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.201M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $1.079K | 1.078M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 921483 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 67139822 | 53 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 921483 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 67139822 | 53 |
0.003 | 7470418 | 7 |
0.004 | 2755000 | 4 |
0.005 | 1500000 | 1 |
0.006 | 1300000 | 2 |
Last trade - 10.46am 17/10/2024 (20 minute delay) ? |
Featured News
CNJ (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online