I am very surprised by this lowering; unless they know something the rest of the market is not aware off.
As other have mentioned, we seem to be in a better position, better iron ore prices, more demand for Australian IO, as India is struggling with court sanctioned restrictions, the stockpiles in china are low, high confidence in the steel markets... all pointing to a favorable situation - so i am really surprised with the downgrade.
rio in 2013 place your bets, page-9
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$108.12 |
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Mkt cap ! $40.13B | |||
| Open | High | Low | Value | Volume |
| $109.70 | $110.42 | $107.38 | $133.0M | 1.227M |
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| No. | Vol. | Price($) |
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| 4 | 9859 | $108.00 |
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