"Current Niobium price is a pipe dream and controlled currently due to monopoly - any new supply comes on and the niobium price would drop like a bag of sh*t in my opinion"
The annual EBITDA of WA1 in the future (427 mn AUD) is comparable to CBMM now (1700 mn BRL).
Why prices would drop as a market changes from a monopoly to an oligopoly is rather curious and unknown to economic research.
The market structure is changing from one major supplier to two, not adjusting to a supply structure like the competitiveness of fish and chip shops or DoorDash delivery drivers.
General discussion, page-10804
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Last
$14.92 |
Change
-0.225(1.49%) |
Mkt cap ! $969.0M | |||
| Open | High | Low | Value | Volume |
| $15.15 | $15.33 | $14.73 | $1.364M | 91.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 260 | $14.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.92 | 326 | 5 |
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| Last trade - 15.38pm 03/10/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |