"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.
"Current Niobium price is a pipe dream and controlled currently...
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Last
$14.99 |
Change
-0.560(3.60%) |
Mkt cap ! $972.3M | |||
| Open | High | Low | Value | Volume |
| $15.51 | $15.63 | $14.81 | $4.571M | 301.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $14.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.05 | 30 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |