Iron ore price up 90 cents today to $110.50.
Looks like the price has stabilised at these levels, basically equates to EBITDA of $6 billion for FMG if it stays at this price all year.
Personally I think it will slowly tick up as China moves into its peak construction season.
The other positive is that at $110 its certainly putting pressure on Chinese iron ore production much of which is unprofitable at this price.
iron ore up today
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Last
$18.97 |
Change
-0.300(1.56%) |
Mkt cap ! $58.40B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.33 | $18.71 | $210.2M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1879 | $18.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.97 | 39173 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |