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...
Add AMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $329.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $813.3K | 4.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 506688 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 273232 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
19.5¢ |
Change
-0.005 ( 0.71 %) |
||||
| Open | High | Low | Volume | ||
| 19.5¢ | 19.8¢ | 19.0¢ | 960992 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| AMI (ASX) Chart |