It only ever went up to those levels due to the short trying to unwind.
Nickel price still around $22k which is above the long term levels from before the squeeze. Compare to Tin, Copper, or Zinc and Nickel looks quite strong. Going to be a fundamentally tight market for Class 1.
Realistically I would be happy for Nickel to stay in the $22-25k band. It means it won't incentivize an oversupply situation but a first quartile cost producer like Jaguar will print cash at $10-12/lb
Trading day running commentary, page-3451
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Last
41.5¢ |
Change
-0.010(2.35%) |
Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.5¢ | 41.0¢ | $129.5K | 308.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2620 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 82389 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |