This is great news and I'm happy with the excellent results but I have two concerns that are linked:
1. In the short term is anyone else watching the rapidly collapsing real estate market in China and the effect it will have on near term sales? I know that China and the Party have in the past pulled levers to save things but it all looks a lot more serious and economy wide this time; and
2. BHP and Rio are both rapidly diversifying their range of products, moving into nickel, etc and other so-called Future Metals. I know FFI exists but there doesn't seem to be any movement away from iron ore by FMG? This risk may be a way off yet but markets tend to price these things in very rapidly once they wake up. Thoughts, comments please...
Ann: June 2023 Quarterly Production Report, page-28
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$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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