I keep an eye on the NPI iron price in China. If I believe the site I look at, it is ca. US$22k/t nickel content, well above the current LME Ni price. I expect there are costs that need to be subtracted such as shipping etc., but assuming that cost is 10-15%, that still delivers a very nice margin. The recent NIC announcement talked about great margins, so my approach is to sit tight. I'm fully loaded on NIC, otherwise I would buy more. At this price, maybe I will.
I keep an eye on the NPI iron price in China. If I believe the...
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Last
76.0¢ |
Change
0.010(1.33%) |
Mkt cap ! $3.257B | |||
| Open | High | Low | Value | Volume |
| 76.0¢ | 76.3¢ | 75.3¢ | $1.372M | 1.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28473 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 45032 | 3 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| NIC (ASX) Chart |