There is a fundamental misunderstanding of the macro factors here.
This is NOT a supply issue, this is entirely driven by waning demand, for reasons articulated many times over...
Not sure the Chinese situation is fully grasped by many on here, this will be catastrophic for IO for the foreseeable future...
Price of Iron Ore, page-766
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $201.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.0¢ | $504.6K | 1.767M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 329727 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 17490 | 1 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| FEX (ASX) Chart |