Inventories now 190kt
Spot price last night closing back towards $6lb.
Currently futures show nickel green.
As long as stocks are depleting and manufacturing contracts are being commissioned at unprecedented number pressure on the nickel spot is evident in the above trends. IMHO back to $7lb second half 2019.
Cobalt is about 6-12mths behind due to higher inventories presently. Due to the stabilizing agent characteristics aiding battery charging requirements Cobalt will have pressure put back on the spot price as manufacturing gears up into 2021 and the current stocks are drawn down.
AUZ Chart, page-3801
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $11.7K | 975.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 35271719 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 612037 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |
