If China drops RIO then China will have to got to the spot market to fill the gap. The spot price will go through the roof again and China wont like that.
I don't think China can afford to drop RIO in fact I think it would cost them dearly in the long run at least BHP and CVRD would love it.
Nah wont happen
rio tinto iron ore sales team arrestd in china, page-113
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Last
$125.57 |
Change
-3.560(2.76%) |
Mkt cap ! $46.73B | |||
| Open | High | Low | Value | Volume |
| $126.45 | $127.31 | $125.24 | $71.57M | 567.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11 | $125.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $125.59 | 42 | 4 |
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| Last trade - 11.20am 01/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |