underthestars
you still haven't answered my question about where the massive extra supply is coming from?
Chris Weston IG Markets said on Fox Business."If I was a cynic I would be thinking the Chinese are supporting their own production is to push down prices so BHP, RIO and FMG for more reasonable pricing"
This price crash is a very short term game. Watch for the snap back as the state owned miners lose their subsidies instantly future contracts are negotiated.
AF is either smart or shorting. You work out which.
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Last
$16.86 |
Change
0.080(0.48%) |
Mkt cap ! $51.91B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $16.86 | $16.51 | $130.7M | 7.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $16.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.87 | 3740 | 3 |
View Market Depth
| Last trade - 16.19pm 16/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |