As someone else mentioned earlier you can build cleaner smelters here or just export pollution to China - that's a useful green argument.
Anyway decided against shorting FMG. Doesn't seem like shipping costs are that huge - unless they keep rising or get locked out entirely. That would be a problem.
bhp lock out fmg from shipping market, page-25
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B | |||
| Open | High | Low | Value | Volume |
| $21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17454 | $21.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 336 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |