Steel prices can soften very quickly, plenty of IO supply around. October historically a hit or miss month for stock markets. Plenty of noise around Trump, China, Russia and everyone else at the moment.
At some point one would think RIO or BHP would want to gobble up FMG, everyone has their price.
Could be $3 by the end of October, IO prices pretty stagnant. Time will tell but a good buy long term in my opinion.
Iron ore price, page-7510
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B | |||
| Open | High | Low | Value | Volume |
| $18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4600 | $17.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 396 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |