You can hedge base metals (on the LME) but not iron ore , the closest thing you can have is contracts however the big 3/4 in their infinite wisdom decided to go from contracts to selling iron ore at spot price on the ocean trade around 4 years ago since then ore prices have dropped from $150 to 40 as each cut the others throats by increasing prodn .
$12 target, page-134
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Last
$42.63 |
Change
0.030(0.07%) |
Mkt cap ! $216.3B | |||
| Open | High | Low | Value | Volume |
| $42.79 | $42.94 | $42.39 | $185.4M | 4.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 458 | $42.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.63 | 2184 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |