Investors who anticipate trading during these times are strongly advised to use limit orders. Stock prices may also move more quickly in this environment. Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. ET) and the After Hours Market (4:00-8:00 p.m. Investors may trade in the Pre-Market (4:00-9:30 a.m. This data feed is available via Nasdaq Data Link APIs to learn more about subscribing, visit Nasdaq Data Link's products page. Real-time bid and ask information is powered by Nasdaq Basic, a premier market data solution. You can use the bid-ask spread to determine whether to place a market order or limit order when trading, helping you to optimize your price and have a successful order execution. In contrast, a larger spread suggests lower liquidity, as there are fewer investors willing to negotiate. Often, a smaller spread suggests higher liquidity, meaning more buyers and sellers in the market are willing to negotiate. The bid-ask spread can indicate a stock’s liquidity, which is how easy it is to buy and sell in the marketplace. The data displayed in the quote bar updates every 3 seconds allowing you to monitor prices in real-time. The bid size displays the total amount of desired shares to buy at that price, and the ask size is the number of shares offered for sale at that price. The numbers next to the bid/ask are the “ size”. amount that a seller is currently willing to sell. The bid is the highest amount that a buyer is currently willing to pay, whereas the ask is the lowest This only bodes well for Cobalt Blue moving forward.The bid & ask refers to the price that an investor is willing to buy or sell a stock. “So, typically, 40- or 50-metre depth, easy to extract – it’s already been mined, it’s already been ground – so the processing costs are a fraction.”Īs cobalt becomes increasingly sought after, the Broken Hill project is going to become increasingly important on a global scale. For example, in Queensland there is approximately 300,000 tonnes of cobalt sitting at-surface in tailings dams, in waste streams,” he told Australian Resources & Investment. “In waste, we have significant quantities of cobalt. The Broken Hill project will produce 16,700 tonnes of high-purity cobalt sulphate per year once up and running.Ĭobalt Blue has also established an MoU with the Queensland Government to explore opportunities in the recovery of cobalt (and any co-existing base and precious metals) from mine waste.Ĭobalt Blue chief executive officer Joe Kaderavek said that while Australia’s cobalt potential is well realised in the ground (16 per cent of the world’s cobalt reserves), it’s also significantly untapped in waste. With construction and commissioning underway at the demonstration plant, Cobalt Blue is aiming for first ore processing in late April. This recognises the economic significance of the project through its contribution to growth, productivity, government revenue, industry and regional development.īroken Hill’s pilot plant successfully produced cobalt sulphate samples in October 2021, and with a host of parties eager to receive samples Cobalt Blue will transition the pilot plant to a demonstration plant in 2022. In early March, the project achieved Major Project Status through the Federal Government. S&P Global forecasts Congo will increase its output to 131,262 tonnes in 2022.ĭespite this, having such a large reliance on the one jurisdiction doesn’t bode well for market stability.Īt the same time, Cobalt Blue continues to advance its Broken Hill cobalt project in New South Wales. This is a far cry from Congo, which is estimated to have produced 120,000 tonnes of cobalt in 2021. According to data from the United States Geological Survey (USGS), it is estimated Russia produced 7600 tonnes of cobalt in 2021. The world’s second-largest cobalt producer has been taken out of the game in Russia. Trading Economics indicated the same price, which represents a 56 per cent increase year-on-year.Ĭobalt is a prized commodity and one proving increasingly important to the electric vehicle (EV) movement. The London Metal Exchange (LME) had three-month cobalt trading at $US82,000 ($109,920) per tonne on Wednesday. The company’s share price has jumped 170 per cent in the last six months and was nudging $0.90 at the time of writing – its highest figure since June 2018. As Cobalt Blue readies itself to become a cobalt producer, investors are flocking to the emerging miner.
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