The South African mines are old which means they have already extracted the best high grade ore so they are now finding less and lower grades.
And they are digging very deep.
The costs to mine these PGEs is expensive and increasing.
Supply is falling, if demand doesn't fall prices will rise. Ceteris paribus.
CHN chart, page-6614
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Last
$1.30 |
Change
0.050(4.02%) |
Mkt cap ! $496.9M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.33 | $1.26 | $3.535M | 2.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 32810 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 2081 | 2 |
View Market Depth
| Last trade - 13.03pm 11/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |