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...
-
- There are more pages in this discussion • 1,180 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.0¢ | 34.5¢ | $68.82K | 197.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61188 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 27397 | 1 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| CTM (ASX) Chart |