Regretfully now.
One of Chinas peak economic bodies the "National Development and Reform Commission" or NDRC has vowed to crack down what it sees to be illegal activity in the iron ore market including " price gouging, hoarding and spreading false information ( about prices) in the iron ore market"
I don't invest this stuff. It's typical CCP behaviour when ever price escalates over a relatively short period of time. IO has gained circa 50% since the Oct/Nov low.
The CCP and CISA feel that IO should be priced at well below $80 USD. Naturally I want it priced closer to the ATH ~$220US p/t.
Iron ore price, page-48840
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Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $20.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.14 | 17291 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |