Sure. I understand in an economic sense why BHP and RIO are ramping up production.
I am still puzzled why almost every article I read on the internet is stating BHP and RIO are currently using that as part of their strategy to increase their bargaining power. How can they increase the price and increase supply at the same time. How can they benefit by killing off every other miner?
Live IO Prices, page-23
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24.5¢ |
Change
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Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.3¢ | $31.17K | 127.6K |
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| No. | Vol. | Price($) |
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| 7 | 824370 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 49697 | 4 |
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| BCI (ASX) Chart |