NEW YORK (TheStreet) -- Cliffs Natural Resources (CLF_), Rio Tinto (RIO_), and Vale (VALE_) fell Tuesday due to a sudden drop in iron ore prices.
Cliffs Natural Resources fell 6.4%to $21, Rio Tinto dropped 3% to $53.41, and Vale lost 4.5% to $13.18.
The global iron ore benchmark fell 1.3% to $123.20 Tuesday, marking the lowest price since July 2013. The drop in price is due to a decrease in demand from Chinese buyers and large stockpiles of the metal.
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Last
$17.95 |
Change
0.010(0.06%) |
Mkt cap ! $55.14B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.85 | $29.19M | 1.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 2373 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.96 | 1977 | 10 |
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| Last trade - 12.18pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |