LME bans new Russian metal, but braces for a flood of old stock.
(https://www.a--f--r.com/markets/commodities/lme-bans-new-russian-metal-but-braces-for-a-flood-of-old-stock-20240414-p5fjov)
Russia will undoubtedly find a way to sell their Ni moving forward to, say, China, albeit for potentially heavy discounts.
In short: Unlikely to materially affect the global supply situation, but there may be some localised pricing dislocations, nevertheless. However, perhaps not in the way (in the short term) that some punters might expect.
LME bans new Russian metal, but braces for a flood of old...
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $17.21K | 4.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 87 | 61977197 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 14733733 | 25 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |