All other commodities have fallen 50%+, so i would find it hard to believe iron ore would only fall 20%. I think anywhere between 30-50% is more realistic.
Does anyone have an opinion on what impact Chinalco/Rio would have on price negotiations? Will this result in Rio being forced into contracting at significantly lower prices.
I imagine this is Chinalco's primary reason for doing this deal i.e. securing cheaper supply of raw materials for aluminium and steel production
All other commodities have fallen 50%+, so i would find it hard...
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Last
$41.19 |
Change
-0.370(0.89%) |
Mkt cap ! $208.8B | |||
| Open | High | Low | Value | Volume |
| $41.38 | $41.53 | $41.15 | $305.6M | 7.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 802 | $41.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.25 | 2000 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |