It looks like commodity metals prices are staging a bit of a recovery, the article link below explains how even in recessionary/depressionary conditions the likely demand from infrastructure expenditure will outweigh any demand drop from consumers and with very tight supplies for most metals the prognosis isn't gloomy for the future and current extremely bearish sentiment for commodities could easily turn.
https://aheadoftheherd.com/the-disconnect-between-demand-destruction-from-interest-rate-hikes-and-demand-creation-from-infrastructure-spending/
46 reasons to invest in BML, page-320
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $24.50M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.9¢ | $28.01K | 280.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 206796 | 4 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| BML (ASX) Chart |