Labour and living costs in australia are massive compared to developing nations.
I work in the offshore construction industry both in Ausralia and o/s. My day rate in australia is 3 times that of O/S.
I also have only worked in Australia 30% in the last 5 years compared to working O?S.
Add to that the potential, carbon tax, Gillards new iron ore tax that im sure could flow into other industry and guess what. Australia isnt a friendly place to do business.
The only reason the concentration plant is here is because the ore is here!
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Last
$10.12 |
Change
-0.010(0.10%) |
Mkt cap ! $9.466B | |||
| Open | High | Low | Value | Volume |
| $10.13 | $10.14 | $9.93 | $38.65M | 3.839M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $10.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.13 | 9022 | 2 |
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| Last trade - 16.19pm 22/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |