FMG is a price taker. The only thing effecting the share price is the IO price. When - not if - the IO price tanks FMG will go down like the Titanic. FMG was $4 just four years ago. The only reason the price rose was because China had a massive stimulus in 2020.You must have ignored everything Xi has said in the past 12 months. Property speculation is officially finished. The infrastructure stimulus is just USD44B or $30 per person. It's effect on IO prices will be very short term.
Iron ore price, page-47263
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |