Yeee haaaaa!
The world nickel market continues to be dominated by events in Indonesia and China, where NPI continues to expand rapidly. Best part is there is one company that is the lowest cost producer who happens to be part owned by the Chinese!! The widening gap between projected future demand and supply remains a concern. Finding enough nickel raw materials to fill this shortfall is still likely to be a considerable challenge post-2025.
So Nickel Fundamentals help. Especially when you are part owned by the Chinese.
Positive signals to look out for:
1 - Indonesia pushes ahead with the ban
2 - NIC push ahead with producing battery grade (that will move this from a 12 month hold to a 5-10 year hold)
3 - Supply gap widens
4 - High cost producers drop out the market
Yeee haaaaa! The world nickel market continues to be dominated...
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Last
81.0¢ |
Change
-0.020(2.41%) |
Mkt cap ! $3.471B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.5¢ | 80.5¢ | $4.593M | 5.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 146449 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 108511 | 3 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |