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
It only ever went up to those levels due to the short trying to...
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 42.0¢ | $23.63K | 55.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3212 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 28163 | 5 |
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| Last trade - 11.53am 04/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |