Exactly - high wages due to the high cost of living is already killing off various base metal mining in AU. Nickel is just the start - only high grade ore that will offset our other high costs will survive. A good summary is provide here:
https://www.mining.com/web/indonesia-and-china-killed-the-nickel-market/
Indonesia, at least enacted laws to prevent the export of raw ore and this encouraged China (innovation) to invest heavily into their Nickel industry - and what do the clowns here do, nothing just keep doing things like we've done for the last 40 years !!!
Wait till China brings the great "Simandou" (high grade iron ore in Guinea) mine online next year - might reduce the iron ore out of WA by 10 to 15% combined with China slowing down ......
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
Exactly - high wages due to the high cost of living is already...
-
-
- There are more pages in this discussion • 6 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 AUZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.001(6.67%) |
Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $56.30K | 7.011M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 10199308 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2965332 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 8799308 | 0.007 |
33 | 49424111 | 0.006 |
14 | 31150199 | 0.005 |
9 | 8654750 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2822475 | 12 |
0.010 | 3994631 | 25 |
0.011 | 4797820 | 13 |
0.012 | 3385705 | 6 |
0.013 | 2831000 | 7 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |