It actually suits Vale, BHP, RIO and FMG for Vale to have ongoing issues, better to sell 80% of your forecast volume at over US$200 than 100% at US$120 or even lower as the analysts have been predicting.
If it was a cartel you'd be sitting around the table getting commitment not to over achieve and look at buying out any new start ups that could potentially create an oversupply.
Iron ore price, page-31571
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |