Please see the attached below (looks a few days old)
I think it’s important to realise that no so long ago Iron Ore dipped into the $150 range then shot straight back up. Tangshan’s factory closed for two days which has been stated many times as we have read on this forum.
There will still be a back log of iron ore in China and will take a few weeks to return to normal demand patterns from my understanding. More or less this is more than likely a healthy dip for investors. It can’t always ream up.
even if it does not go back up, at least competitors are kept out of entering the market which is also fantastic and the SP gradually will grow with time.
FMG is in a solid state and regardless of IO prices they have some big things lining up
Iron ore price, page-29156
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Last
$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.74 | $16.31 | $150.0M | 9.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $16.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.67 | 40000 | 1 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |