If things couldn't get better for MMI's turn around, there was a major fuel depot explosion in Guinea that will likely have a flow on impact to the Guinea bauxite miners which account for the majority of China's imported bauxite supply. Refer to AL Circle article snippet:
MMI bauxite contracts are priced on an alumina linked mechanism (referring to most recent MMI offtake announcement). We should see a positive flow on from this as it plays out. Alumina prices have already jumped on the news. Given the contracts are typically delayed we will likely see significant pricing improvement on top of the existing upward bauxite price trend going in to 2Q24 when operations recommence.
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If things couldn't get better for MMI's turn around, there was a...
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Last
4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $291.0M |
Open | High | Low | Value | Volume |
4.9¢ | 5.1¢ | 4.8¢ | $1.452M | 29.16M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 802983 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.9¢ | 2499939 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 671796 | 0.048 |
2 | 600000 | 0.047 |
3 | 441086 | 0.046 |
3 | 1060133 | 0.045 |
4 | 1800000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 2499939 | 1 |
0.050 | 1150000 | 2 |
0.051 | 29380 | 2 |
0.052 | 1432074 | 7 |
0.053 | 517406 | 5 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
4.9¢ |
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Change
0.000 ( 1.66 %) |
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Open | High | Low | Volume | ||
4.9¢ | 5.1¢ | 4.8¢ | 6417671 | ||
Last updated 15.51pm 07/06/2024 ? |
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