you need to learn some basics, supply & demand drive price. If supply fall with demand then price won't rise automatically.
as above it was trading below $8 when io price was below $90 for long periods so nothing that you explained happened until demand picked-up due to China COVID stimulus.
Iron ore price, page-54504
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |