Current zinc price sits at US$3810/t, higher than the recent top, US$3755/t achieved in last Oct'21 when Nyrstar decided to curtail their output due to high energy prices. I am not sure if this is due to the higher energy prices or Russian zinc exports being curtailed (4% of global supply in 2021) or both.
AMI guided a production of 31-34.5kt of zinc this financial year and has already hit 17.4kt in the H1'FY22 with a zinc price averaging at US$3086/t (FX:0.73). If zinc prices stayed buoyant above, say at US$3500/t, this would mean an additional profit of A$7.4M at the bottom range and A$9.4M at the top range. Every US$100/t higher than US$3500 contributes an additional A$2M to the bottom line.
This plus gold's recent ascent above US1900/oz is probably what's attracting some buyers today.
Current zinc price sits at US$3810/t, higher than the recent...
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Last
16.5¢ |
Change
-0.010(5.71%) |
Mkt cap ! $279.1M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $370.6K | 2.197M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 760604 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 32089 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| AMI (ASX) Chart |