Fighting words for discussion here.
I float the prediction (about the future which is difficult...) that the last great (Peak) price environment for the 58% Fe index (all specs) is upon us now and for the next 12-24 months max for the next 10-20 years due to the accidents in Brazil.
The steel making world is maturing moving more and more towards higher productivity lower polluting high grade spec feeds. The seaborne 58% Fe never existed pre 2000 mining boom. No demand threat will eventuate like China (early 2000s) as growth centres such as non China Asia, Mid East and Africa have conservative or unstable governments unlikely to produce an immediate sustained uptick in growth that the mining industry cannot see or react. The mining project and expansion pipeline is well equipped to handle this increase in demand without needing higher prices. African and India also have significant resources to push supply without needing Australia.
Realising the impact of low grade iron on pollution, in the future China will favour by tax incentive (or other such as import duty on 58% Fe) the production of steel via pellet or DR furnace limiting the growth prospects of low grade
products imo.
FMG IMO have a once in a lifetime gift horse window to react in order to diversify towards either higher grade products or other commodities.
Dont let the sky rocketing prices cloud your judgement.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-11294
-
-
- There are more pages in this discussion • 44,268 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$20.02 |
Change
0.000(0.00%) |
Mkt cap ! $61.64B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 232 | $24.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.02 | 12488 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 74300 | 20.010 |
14 | 25827 | 20.000 |
1 | 57244 | 19.990 |
2 | 37853 | 19.970 |
2 | 143 | 19.960 |
Price($) | Vol. | No. |
---|---|---|
20.030 | 100000 | 2 |
20.080 | 21790 | 2 |
20.100 | 2049 | 2 |
20.190 | 1200 | 1 |
20.200 | 5000 | 1 |
Last trade - 09.42am 15/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
Previous Video
Next Video
SPONSORED BY The Market Online