"Kind of makes you wonder just what they are up to now? - What's stopping China and BHP from killing RIO, FMG and the other miners by starving them of export quota?"
The fact that BHP (along with RIO) squeezed China for huge increases in ore prices. Won't help China to create a monopoly hence FMG has been receiving huge Chinese support and will continue to do so. They are not fools competition gives China the best prices and it is why FMG will be fine in the long run.
sp support levels., page-14
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |