Define well...Iron Ore alone has an average price this year of over $US85/t and is currently over $US100/t. Last I heard the average cost is around $A40/t to dig, process & deliver. With 270mt delivered last year, profits from Iron Ore would have to be well over $15Billion in the current fin Year. I would say Brilliantly.
While the Copper price crashed by around 25% due to COVID fears, since the end of March over 15% of the fall has been recovered and there is no sign of a slowdown in the price recovery. At current rates the price should have recovered to pre-covid levels within the next couple of months.
Sure the fossil fuels have been hit hard by the loss of transport movements due to COVID restrictions and that is why the share price is $36 rather than $50 now. However these restrictions will not last forever and I for one can't wait to start travelling again.
One of my old high school principles said something at the start of year 11 that has stuck with me for the last 40 years. You are all over 16, If you don't like it, leave.
Define well...Iron Ore alone has an average price this year of...
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Last
$42.75 |
Change
0.010(0.02%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.60 | $42.83 | $42.51 | $460.8M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1235 | $42.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.76 | 18069 | 4 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |