Some good may come out of the Nickel market implosion from March. It seems like market contributors are wanting a Nickel Sulphate market specifically for the battery segment of the nickel market.
https://www.spglobal.com/commodityinsights/en/market-insights/blogs/metals/062822-china-nickel-sulfate-lme-pricing-mechanisms
Interesting that the premium of Nickel Sulphate over the LME pricing seems well over the 6.25% or USD0.50/lb (I think) which was assumed in the SS. Looks around 20%-28% premium to me, both pre and post the short squeeze.
Some good may come out of the Nickel market implosion from...
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Last
52.5¢ |
Change
0.025(5.00%) |
Mkt cap ! $260.7M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.5¢ | 50.5¢ | $175.3K | 339.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29689 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 41950 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| CTM (ASX) Chart |