Supply / Demand. it’s not a reduction in demand, it’s a reduction in supply (because Chinese smelting fees got so low from competition it’s become less / unprofitable to smelt, so they are colluding). Shortage in supply in the face of high demand is going to push up the price all the way through the chain, and is.
DVP Technical Analysis, page-2172
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Last
$2.17 |
Change
0.030(1.40%) |
Mkt cap ! $529.5M | |||
| Open | High | Low | Value | Volume |
| $2.13 | $2.17 | $2.10 | $1.514M | 707.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 3552 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DVP (ASX) Chart |