They make a bucket load of cash from Iron ore. The margins are huge. Make it for $30 AUD sell it for $210...unheard if in any other commodity for such sustained periods. The only issue I see is they are heavily reliant on China.
RIO Technical Analysis, page-10
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Last
$120.25 |
Change
0.580(0.48%) |
Mkt cap ! $44.63B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.66 | $119.34 | $383.1M | 3.157M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2871 | $120.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.25 | 18 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |