How does the next phase of globalization work?
Imagine China ends up owning big chunks of RIO and other mining companies.
Some say the govt wont allow it,but what if there is no alternative.
China has all the money.
They have hundreds of millions of cheap laborers.
The miners in OZ would earn many multiples of what Chinese workers earn.
Would the Chinese mine owners be able to replace OZ workers with cheaper Chinese workers.
Fly in/fly out type arrangements.
How would you feel if you owned the mines but the foreign workers(us) were earning more than your own citizens?
it happened - the white knight, page-4
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Last
$110.73 |
Change
-1.440(1.28%) |
Mkt cap ! $41.10B | |||
| Open | High | Low | Value | Volume |
| $111.10 | $111.69 | $110.34 | $121.9M | 1.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 430 | $110.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.74 | 3594 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |