NEW YORK (TheStreet) -- Cliffs Natural Resources (CLF_), Rio Tinto (RIO_), and Vale (VALE_) fell Tuesday due to a sudden drop in iron ore prices.
Cliffs Natural Resources fell 6.4%to $21, Rio Tinto dropped 3% to $53.41, and Vale lost 4.5% to $13.18.
The global iron ore benchmark fell 1.3% to $123.20 Tuesday, marking the lowest price since July 2013. The drop in price is due to a decrease in demand from Chinese buyers and large stockpiles of the metal.
good entry day short term trading
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |