Australia is a geo-politically stable country with 30% of the worlds iron ore resources and that is high grade. Global low interest rates post GFC and Covid have created a massive infrastructure / spending bonanza for years to come. It all needs steel, steel and more steel. Sure, at some point down the road inflation will cause social unrest, but if the majority of people are getting rich just buying houses and stocks / bitcoin or whatever, then the majority are happy and buying crap made out of STEEL. (and plastic, lol).
Will fmg survive iron at $20 ton., page-25
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |