China's iron ore price suppression will fail and fail fairly fast. It is all about supply and demand. If China says they will reduce steel production, price of iron ore will reduce in knee jerk reaction. However, when the Chinese lie is found prices may just rise to even higher than before. The liars cannot say it is reducing production while purchasing more ore.
FMG, BHP, and Rio should announce massive maintenance shutdowns due to advice form Chinese Government of demand reduction. VALE should announce slowdown in bringing projects back on line until notified by Chinese government of demand returning.
Riley Iron Ore Mine - Progress, Photos and Calculations, page-269
-
- There are more pages in this discussion • 1,001 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.06M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $4.426K | 368.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4443069 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5327264 | 9 |
View Market Depth
| Last trade - 15.57pm 18/10/2024 (20 minute delay) ? |
| CRI (ASX) Chart |