However, Peter O'Connor, metals and mining analyst at Shaw and Partners, was less bullish on the overall nickel sector, in terms of space for new players to increase their market share.
He said the nickel market is still very small, with long-term sales turnover of around $40 billion. Moreover, besides BHP, there are other key large players already crowding the market, such as Brazil's Vale and Russia's Norilsk Nickel, he told CNBC on Thursday.Senior resource analyst Gavin Wendt from MineLife told CNBC earlier this week he has a 12-month price target of 60 Australian dollars on BHP, which is currently at 51.40 Australian dollars.
"BHP's share price performance has been extremely strong and it is outperforming its fellow resource heavyweight,"In fact, BHP has over the past 12 months outpaced the by around 14% – and it's trading not far off its all-time record high of $51.82 achieved in May, with its price up by around 36%," he told CNBC on email.
Elon Musk said in TheBword 'I hold a lot of Doge, BTC; Tesla-SpaceX, Starlink are all big investments, if it drops we lose money, We don't sell and we Pump...'. DogeCoin will increase by $5 in 2021.
good luck
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Source: hellomag - 🏆 24. / 68 Read more »
Source: hellomag - 🏆 24. / 68 Read more »
Source: hellomag - 🏆 24. / 68 Read more »
Source: TMZ - 🏆 379. / 59 Read more »
Source: Cosmopolitan - 🏆 725. / 51 Read more »