MLX is being used as a proxy for copper price. Basically whatever the % movement in the copper price, multiply it by 2.5 and you have the stock price movement. Most metals have fallen back on talk of China-US trade war, developing. but tin has not suffered a lot and is now rising sharply again. Copper has bounced considerably off its low of past month, the pie in sky cobalt is back at $70k from $90k a tonne, but the issue has caused a recalculation. To me this is compensated by the extra cash but there is a new factor. Rio has farmed in to a minnow in a big way some distance to the north of Nifty with a strong drilling program planned. Speculation that there is a big copper-gold find there in the making. This area of the east Pilbara is very mineral rich, the majors such as Rio don't bother with mines less than very large scale.
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44.5¢ |
Change
-0.020(4.30%) |
Mkt cap ! $403.2M |
Open | High | Low | Value | Volume |
45.5¢ | 45.5¢ | 43.0¢ | $1.110M | 2.503M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 80811 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 19456 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27345 | 0.435 |
8 | 45618 | 0.430 |
3 | 67000 | 0.425 |
3 | 8380 | 0.420 |
2 | 60000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 10923 | 1 |
0.450 | 78851 | 2 |
0.460 | 15946 | 1 |
0.470 | 81369 | 2 |
0.475 | 35438 | 1 |
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