There's a lot of complicating factors behind this round of negotiations. One of them is that BHP is trying to look like a price taker with no power in negotiations with its customers. This is important when they are facing the EU competition regulators. Maybe giving in on this round is a strategic move.
Next year might be a different story entirely. Maybe there won't even be a weak kneed RIO to cave in like that.
bhp follows rio on iron ore settlements, page-9
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Last
$41.35 |
Change
0.510(1.25%) |
Mkt cap ! $209.7B | |||
| Open | High | Low | Value | Volume |
| $41.91 | $41.93 | $41.35 | $320.4M | 7.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9048 | $41.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.40 | 14750 | 2 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |