Just came across this insightful article on the price cycles of IO. Many will know the cycle, but this analysis put some actual numbers on this. Strikingly, the increased volatility of the IO price clearly comes trhough in more recent years, which explains what we are seeing in the FMG price. Article is from livewire: https://www.livewiremarkets.com/wires/what-s-in-store-for-iron-ore-this-november-and-december?utm_medium=email&utm_campaign=Trending%20on%20Livewire%20-%20Friday%2011%20October%202024&utm_content=Trending%20on%20Livewire%20-%20Friday%2011%20October%202024+CID_aed371e65dc3235c6dd669531e3ce2c5&utm_source=campaign%20monitor&utm_term=Whats%20in%20store%20for%20iron%20ore%20this%20November%20and%20December
Iron ore price, page-55477
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |