NMT neometals ltd
Add to My Watchlist 2.74% ! 7.1¢

Not Ideal that Cobalt is now seeing excess supply....

  1. BrucieKibbutz
    2,577 Posts.
    lightbulb Created with Sketch. 636
    clock Created with Sketch.
    08/08/24
    11:05
    Post #: 75122685
    Not Ideal that Cobalt is now seeing excess supply.

    https://www.bloomberg.com/news/articles/2024-08-07/glencore-ceo-sees-cobalt-glut-lasting-as-long-as-two-years?srnd=commodities&embedded-checkout=true&utm_source=www.moneyofmine.com&utm_medium=newsletter&utm_campaign=arcadium-cuts-costs-while-burkina-rejigs-code&_bhlid=d5fe842532933dffcb70b6a288df0160ae62cb83

    I dont have a membership but im guessing the details aren't super relevant. It will mean the price recede.


    I'm beginning to think we are not wrong here..... Just early.

    I guess we see when the money printers get switched back on ( likely US in September and Oz early next year) whether that stokes the fire.

    Results due for PMR in a few weeks and Merc plant not far from commissioning. These will be interesting windows into our future I think.
    Last edited by BrucieKibbutz: 08/08/24
    NMT Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NUZ Liquid Formulation of NUZ-001 Developed to Improve Patient Access and Experience
right-arrow Created with Sketch.
NEWS Equity Metals reports that drilling is underway on the Silver Queen Ag-Au property
right-arrow Created with Sketch.
NEWS Profits after tax down -88%, and shares rocket – what's going on with Collins?
right-arrow Created with Sketch.
NEWS How Do You Trade? Take Our 1-Minute Survey & Share Your Style
right-arrow Created with Sketch.
NEWS Red Mountain to map, sample Quartz Reef after landing big alluvial nugget haul
right-arrow Created with Sketch.
NEWS Sparc opens small-scale green H2 plant in SA, but liquidity dried up
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
7.1¢ 		Change
-0.002(2.74%) 		Mkt cap ! $56.16M
Open High Low Value Volume
7.3¢ 7.3¢ 7.0¢ $65.10K 903.6K

Buyers (Bids)

No. Vol. Price($)
4 138919 7.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.1¢ 72089 1
View Market Depth
Last trade - 13.01pm 27/06/2025 (20 minute delay) ?
NMT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.