FMG is a price taker. The only thing effecting the share price is the IO price. When - not if - the IO price tanks FMG will go down like the Titanic. FMG was $4 just four years ago. The only reason the price rose was because China had a massive stimulus in 2020.You must have ignored everything Xi has said in the past 12 months. Property speculation is officially finished. The infrastructure stimulus is just USD44B or $30 per person. It's effect on IO prices will be very short term.
Iron ore price, page-47263
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B | |||
| Open | High | Low | Value | Volume |
| $21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17454 | $21.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 336 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |