Yes it is a very neat summary and I think people investing in AU nickel should really take the time to read it carefully.
https://www.mining.com/web/indonesia-and-china-killed-the-nickel-market/
Nova (IGO) - cash cost is just over US$6k per tonne (from ann dated 27/02/2024), so still very profitable but only a few years left. IGO produce nickel concentrate at 18-20% and use a POX (pressure oxidation) plant hence lower costs and higher payability. The 2 big ones that dominate the bottom quartile of the cost curve are Norilsk and Jinchuan ..........
I assume that summary quoted the lowest cash cost producer in Indonesian @ US$5.2k - the concern is that as China invest another $20+ billion dollars into Indonesian Nickel, how many more producers will approach a cash cost of approx US$5.2k. Whilst they passed laws to move away from primary mining (a dig economy), I think they are learning from China about how to control various markets (exert influence) just like China did with REE's ..........
https://en.wikipedia.org/wiki/Rare_earth_industry_in_China
- Forums
- ASX - By Stock
- POS
- Nickel Boner Update
Nickel Boner Update, page-5865
-
-
- There are more pages in this discussion • 137 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.71M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $17.80K | 4.124M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
68 | 47816915 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 13989612 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 46965468 | 0.004 |
36 | 29029342 | 0.003 |
22 | 27707751 | 0.002 |
19 | 25600201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 13694923 | 29 |
0.006 | 27126436 | 18 |
0.007 | 51841522 | 29 |
0.008 | 6310827 | 16 |
0.009 | 3738198 | 12 |
Last trade - 15.52pm 02/08/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |