The ABC has a piece on the effects on global markets with the "Russia" problem, and gives figures for Russian global production for NI (49%) Pd (42%) Pt (13%) and Cu (4%). I've tried to confirm these numbers and haven't had much luck , the variations from different sources is pretty dramatic. The Ni % in the article surprised me especially. But even if the number is dodgy, the focus on any future price consequences of conflict/sanctions with respect to Pd and Pt may need to broaden to include Ni as well. Which of course bodes well for Chn. So looking at spot prices for the Chn 6 maybe not connected to current time relevant SP movements but the resource value in the ground is. Finding a large deposit of Ni, Pd and Pt right now couldn't be more timely. Europe's Faustian pact with Russian gas may be a further lesson in Sovereign risk and to Chn's advantage.
CHN chart, page-2203
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Last
$1.15 |
Change
-0.005(0.43%) |
Mkt cap ! $447.3M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.18 | $1.14 | $4.158M | 3.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76065 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 2423 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
-0.005 ( 2.58 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.18 | $1.14 | 746441 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CHN (ASX) Chart |