China's economy and growth rate is looking dim and there is no fix.
Their hideous stimulation of producing ghost towns had to end.
Some iron may still be required for their military machine but they might already have what they need
FMG may bounce back somewhat but long term this looks like a slow and painful falling knife.
No topping up on my side, looking for an exit from IO, at least partially.
As I bought around $4, I am not in panic mode though.
Shame about the loss of dividends though, but it is hard to see that they can be maintained in the future.
Iron ore price, page-53268
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Last
$18.28 |
Change
-2.070(10.2%) |
Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
| $18.59 | $18.68 | $18.26 | $482.3M | 26.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8480 | $18.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |