Fools rush in where angels fear to tread.
This will play out over several years. Chinese demand will keep falling (on average) and they will progressively replace Australian imports over the next decade. By 2030 the Australian IO industry will be on it's knees.There will be no major alternative markets because virtually every other developing economy will either be buying steel or have plenty of their own IO.
Iron ore price, page-38223
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.75 |
Change
-0.200(1.11%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $17.91 | $17.54 | $136.4M | 7.625M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $17.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.77 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |