Big 7.3% rise in SP today- why? (CXO dropped 5% today)
Li prices have recently rallied...Cu demand will, eventually, explode, as far more electricity/ transmission wires will be required... then this link, below...DVP to also, later, be a beneficiary of Fed. govt significant funding? We can hope!
The Federal govt. today announced a $840m grant to NT-based ARU, reinforcing the widely proclaimed Western need to be independent of China's control (& China's ban on exports of some processed "Critical Minerals" to the West!) of renewable/decarbonisation minerals.
abc.com 14.3.24 said
"...The Albanese government said the Arafura project was set to become Australia’s first combined rare earths mine and refinery and would help "[secure] Australia’s position as a renewable energy superpower"...The funding package for the project includes $495 million from the Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility (NAIF), $115 million from Export Finance Australia’s Commercial Account, and a further $30 million in grants.
The government's backing of the Arafura project comes after a broad collapse in the global prices of critical minerals.
By the end of January, the price of lithium haddropped more than 80 per cent within a year...
Ms King said Australia would "need more mining, not less" to meet global climate targets and to "build the solar panels, batteries and wind farms" necessary to reduce emissions".
https://www.msn.com/en-au/money/markets/federal-government-to-invest-840m-in-arafura-rare-earths-project-in-central-australia/ar-BB1jRbXN?ocid=msedgdhp&pc=LCTS&cvid=1f1cde5ebf8a4e43a629b1097c1071cf&e
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Last
$2.10 |
Change
-0.040(1.87%) |
Mkt cap ! $509.5M |
Open | High | Low | Value | Volume |
$2.11 | $2.16 | $2.09 | $1.102M | 519.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 313 | $2.10 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.11 | 3900 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 313 | 2.100 |
6 | 15409 | 2.090 |
4 | 5960 | 2.080 |
1 | 5104 | 2.070 |
1 | 359 | 2.060 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 3900 | 1 |
2.120 | 16287 | 2 |
2.130 | 3706 | 1 |
2.170 | 9000 | 1 |
2.200 | 447 | 2 |
Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
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Last
$2.10 |
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Change
-0.040 ( 1.77 %) |
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Open | High | Low | Volume | ||
$2.11 | $2.15 | $2.10 | 37936 | ||
Last updated 15.59pm 12/06/2024 ? |
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