The second order effects are under appreciated. Investors aren’t going to be queuing up to throw capital at new iron ore mines. So agreed - the big 3 here will be even more entrenched. They should be encouraging supply, if they want to bring down the long term price.
News: FMG Australian iron ore miners cautious on China's plan to centralise buying, page-12
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Last
$18.44 |
Change
-0.190(1.02%) |
Mkt cap ! $56.77B | |||
| Open | High | Low | Value | Volume |
| $18.86 | $18.95 | $18.12 | $237.9M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $18.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.45 | 4950 | 4 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |