I disagree to an extent, the ability of class 1/2 Nickel diversification of RKEF lines reduces commodity risk significantly.
We don't know how the pricing mechanics of NPI are going to play out in the future (particularly with a looming recession), but historically NPI prices have traded at a plus/minus 10% of LME Nickel- In September NPI traded at a 33% discount. The ability to transition to class 2 nickel safeguards us from surging supply of NPI and potentially weak demand.
I think it is also beneficial that 30+ RKEF lines have the ability to do the same, as this adds significant flexibility of supply in the NPI market which should work favourably for NPI pricing going forward.
Ann: Oracle Nickel produces first NPI and Nickel Matte Update, page-11
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
93.0¢ |
Change
-0.005(0.53%) |
Mkt cap ! $3.989B | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 96.5¢ | 91.5¢ | $6.892M | 7.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14798 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 69758 | 3 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |