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
- Nickel Boner Update
Yes it is a very neat summary and I think people investing in AU...
-
-
- 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
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $10.92K | 2.214M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
92 | 68826417 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16787198 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
92 | 68826417 | 0.004 |
37 | 38392259 | 0.003 |
18 | 30550475 | 0.002 |
18 | 24600201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 16787198 | 32 |
0.006 | 28597180 | 19 |
0.007 | 38440883 | 39 |
0.008 | 6829072 | 15 |
0.009 | 4338007 | 13 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |