Seems to be a similar narrative with a lot of commodities - goes in cycles.
Not too long ago, Iron Ore price was being crushed, saying there is an oversupply / no demand, China not buying, price of Iron Ore is going to go to $50, etc. Since then, Iron Ore has had a bit of a rally.
The negative narrative is there to help push the price down in times of uncertainty, the price cannot be kept "too high" for long periods of time as it will cause increased prices on the outputs, it needs to go up and down.
EV's are still here, there is still the massive push to renewables (and others). Nickel is still needed, demand is still going to increase dramatically over the next few years, the price will rise. Once the inflation narrative dies down a bit more, a new narrative will pop up - possibly climate change again (or whatever the new thing is). The dirty vs clean "resources" debate will rage on.
Regardless of all that, management should keep us updated, they've been slow recently. Granted, if there is no news there is no news, but, would be nice to have an update every once in a while!
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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($) | Vol. | No. |
---|---|---|
36.5¢ | 27397 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 56188 | 0.350 |
1 | 2005 | 0.345 |
5 | 84000 | 0.340 |
1 | 30000 | 0.335 |
4 | 44560 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 27397 | 1 |
0.370 | 16696 | 1 |
0.375 | 30000 | 1 |
0.385 | 6110 | 1 |
0.390 | 38670 | 3 |
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