Every 10-cent increase in the price of a pound of nickel boosts WMC annual profit by A$18 million, the company said last month. A 5-cent increase in the price of copper boosts profit by A$25 million, while a 1-cent decline in the Australian dollar increases profit by A$18 million.
Copied the above from elsewhere, metal prices have come off quite a bit (Ni down about $800 a tonne last couple of nights)
Here's hoping Ni and Cu up tonight?
Cheers
