SP for many major Iron Ore producers were recently massively down as we all know from the boom times.
I believe RIO SP will steadily increase in 2013. I can support my thoughts with the below information:
- Global Iron ore prices have steadied and have increased significantly from last couple month lows.
- Competitors in india have continued blockage from a court imposed restriction.
- Rio produce iron ore at a much cheaper rate than most other producers (Cost is less)
- Rio have continued with their expansion projects while most other competitors have shelved their expansion work
- Rio are planned to increase their production rates to 283Mtpa by mid to end 2013 and this is progressing as planned.
- Rio also have another expansion work which will take their production targets to 353Mtpa by end of 2015.
Markus
- Forums
- ASX - By Stock
- RIO
- bright prospect for rio shareholders?
bright prospect for rio shareholders?
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RIO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$127.57 |
Change
4.350(3.53%) |
Mkt cap ! $47.41B |
Open | High | Low | Value | Volume |
$126.25 | $127.95 | $125.00 | $158.6M | 1.262M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 84 | $127.56 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$127.58 | 202 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 362 | 127.550 |
4 | 189 | 127.540 |
3 | 155 | 127.530 |
2 | 43 | 127.520 |
6 | 403 | 127.510 |
Price($) | Vol. | No. |
---|---|---|
127.570 | 400 | 17 |
127.580 | 37 | 4 |
127.590 | 52 | 3 |
127.600 | 1393 | 2 |
127.610 | 157 | 4 |
Last trade - 14.12pm 27/09/2024 (20 minute delay) ? |
Featured News
RIO (ASX) Chart |