I think people seem to forget that China is not the only country on the Planet that requires Steel. Although China requires Iron Ore to manufacture Steel they do sell it off to the rest of the world. Keep in mind China is still building the world’s largest Military Naval fleet and is also constructing the world’s largest railway system (belt road initiative) DYOR. Just in that alone Iron Ore Miners won’t be able to Keep up! This is only a short term correction and manipulation in price, it definitely won’t last forever.
Price of Iron Ore, page-424
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Last
37.3¢ |
Change
0.013(3.47%) |
Mkt cap ! $258.7M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.8¢ | 36.0¢ | $821.9K | 2.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 145659 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 416084 | 8 |
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