LOL some people need to get a grip here.
China paid the high prices and sucked in all the producers, including your beloved FMG.
Everyone seems to have short memories - if you look back through previous material from FMG they were going all the way to 300+ million tonnes at one stage.
China will subsidise their mines because they are a command economy and they have trillions of USD in reserves.
We are weak and enfeebled because we rely on debt to fund our government expenditure, and our foreign debt is out of control because most is held by our banks to fund the out of control housing bubble.
We have brought this all on ourselves, blaming Rio and BHP is infantile.
Iron Ore Price, page-1537
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Last
$18.75 |
Change
-0.240(1.26%) |
Mkt cap ! $57.73B | |||
| Open | High | Low | Value | Volume |
| $18.53 | $18.75 | $18.44 | $216.3M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1990 | $18.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.76 | 47022 | 3 |
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| FMG (ASX) Chart |