Most investors only watch the Cu price. SO, it's no wonder that these ABY investors were dumb enough today to push the ABY shareprice down to $1.015.
Pity they didn't look at the LME stocks and the cancelled warrants as they tell a very different story.
Orders to remove copper from stockpiles monitored by the London Metal Exchange dropped for a 13th session to a four-month low.
The sharp drop in Cu prices will spur Chinese to rebuild stocks.
While the base metals complex remains extremely choppy, some traders said they are expecting near-term low-volume buying activity both from Chinese consumers and speculators across Asia.
The fall in the copper price is an "excellent buying opportunity", said a Singapore-based trader, who was working on the city-state's National Day holiday because of the turbulence in the markets.
Hopefully we've seen the bottom and Cu prices and ABY will move up slowly from here.
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80.5¢

Most investors only watch the Cu price. SO, it's no wonder that...
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Last
80.5¢ |
Change
-0.005(0.62%) |
Mkt cap ! $75.63M |
Open | High | Low | Value | Volume |
81.0¢ | 81.5¢ | 80.0¢ | $8.394K | 10.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16041 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 8387 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16041 | 0.800 |
1 | 650 | 0.780 |
1 | 465 | 0.765 |
1 | 13157 | 0.760 |
1 | 4001 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 8387 | 1 |
0.840 | 70371 | 1 |
0.850 | 2000 | 2 |
0.890 | 5000 | 1 |
0.900 | 8974 | 4 |
Last trade - 15.06pm 08/08/2025 (20 minute delay) ? |
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ABY (ASX) Chart |