I'd be looking for fundamental long term contracts,and hence some more cancelled warranting,to start up again with zinc back down to its historic fundamental demand level of $1.50/lb.This is where it found strong support previously as genuine consumers moved back in to buy their longer term stocks.
Like you say DK the sub prime mess is going to see some hedge funds go under,those that were stupid enough to leverage themselves strongly to property development and lenders that do so on the basis of high risk loans anyway,but ultimately the Chinese and Indian jugernauts should roll on for quite a while yet.
d.
I'd be looking for fundamental long term contracts,and hence...
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Last
80.0¢ |
Change
-0.010(1.23%) |
Mkt cap ! $167.0M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 77.0¢ | $159.2K | 201.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 3649 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AIM (ASX) Chart |