1. Ni price had a good rebound last night, to US $20318 p/t- up US $234.There have been 2 days of falls.
As I previously wrote c.1 week ago, I expected a pullback, & fall to below US $20k p/t for a while- then for the uptrend to continue. Will this eventuate?
2. China is trying to "shackle & unfairly" undercut western mining companies, & crucial western mineral supply chains etc.
(Also, the USA has, c.1 week ago, announced tariffs of 100% on Chinese made EV imports etc.- but not yet, directly , on China's use of anti- ESG, cheap, & very high CO2 Indon refined Ni laterites.The US stated China is providing unfair subsidies etc. which, it claims, flout WTO rules.
The EU is currently conducting an official, related enquiry, & has stated it may implement similar measures soon against China).
Thanks @MtnMusic for posting the direct quote from the 21.5.24 New York's prestigious Wall Street Journal; & the QPM tweet of 20.5.24. Post #:73970359
Wall Street Journal 21.5.24 said
"...Like other western miners, Talon says it isn't a fair fight. Chinese nickel companies receive cheap state financing as part of a strategic imperative to gain control of... pricing ...".
" All the western projects have to meet market-based economic criteria"...
"
The mineral industry is a national priority for Beijing. Metals & mining investment under its Belt & Road initiative hit record levels last year. Chinese official lending for minerals projects in developing countries typically offers lower rates than commercial loans (to Chinese companies- my words)..
Meanwhile, western companies struggle to get loans...western banks are reluctant to finance projects in risky-mineral rich countries, and that China is often the only player".
QPM Director S. Grocott tweet, 20.5.24, said
"The forecast nickel sulphate deficits , and the growing desire of North America, the EU, & nortern Asia for low cost, clean, battery chemicals supply are manifest (all emphaes, mines".
- Forums
- ASX - By Stock
- Trading day running commentary
1. Ni price had a good rebound last night, to US $20318 p/t- up...
-
-
- There are more pages in this discussion • 87 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
45.0¢ |
Change
0.030(7.14%) |
Mkt cap ! $223.5M |
Open | High | Low | Value | Volume |
43.0¢ | 45.0¢ | 42.5¢ | $154.8K | 355.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29851 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 4499 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29851 | 0.430 |
1 | 27999 | 0.420 |
2 | 23999 | 0.415 |
2 | 56000 | 0.410 |
1 | 1000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 4499 | 1 |
0.460 | 24043 | 4 |
0.465 | 3375 | 1 |
0.470 | 10000 | 1 |
0.475 | 7000 | 1 |
Last trade - 16.10pm 24/09/2024 (20 minute delay) ? |
Featured News
CTM (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, Managing Director and CEO
Steven Gourlay
Managing Director and CEO
SPONSORED BY The Market Online