It's an indicator of stocks and availability to anyone who needs to go to the spot market.
You can say the same about any commodity that is stock piled - those stocks are always in some way relevant as they usually correlate (often delayed) to the spot price which in turn correlates to contract prices and so on.
Nickel news, page-46
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $2.197K | 299.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 14814624 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1366647 | 11 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |