Bank Commentary
Industrial metals had a mixed session as investors were also reluctantto build any long positions amid the uncertain economic backdrop. However, thatdidn’t stop nickel prices surging higher as Indonesia confirmed that it wasbringing forward its ban on nickel ore exports. The Energy and MineralResources department, headed by Minister Ignasius Jonan, said that a rule onthe export ban had been signed. Further information will be provided inbriefing on Monday. The stainless steel raw material has been the bestperformer this year as details of this ban have been released. The country is akey supplier to the Chinese nickel pig iron industry. However, it’s keen toretain more value in the country, with one eye on the burgeoning batterysector. This latest move is likely to significantly tighten up the market.
Bank CommentaryIndustrial metals had a mixed session as...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.14M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $6.732K | 1.944M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 87 | 52176599 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 7847467 | 24 |
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| Last trade - 12.54pm 16/08/2024 (20 minute delay) ? |
| POS (ASX) Chart |