OK.
FMG are in great shape, without a doubt they will position themselves at the bottom of the cost curve below US$35/tonne. They were spot on in saying the IOP could go below the cost of Chinese domestic production. Their strategy of "as much as possible, as soon as possible" had absolutely no effect on market supply / demand dynamics - in fact, if anything, breaking the duopoly was a smart and shrewed move. Boasting about ramping up to 355mtpa was in no way a threat or challenge to BHP or RIO, and BHP and RIO were really stupid to ramp up supply. Instead, they should have just accepted Twiggy's dominance, and taken subordinate positions as #2 and #3 in the Pilbara.
And boy, did they ever open up the Pilbara to stranded deposits with their open access, fixed tariff/tonne infrastructure.
Now, wake up to yourself and stop posting such neo-Marxist rubbish.
- Forums
- ASX - By Stock
- BHP, RIO 'not acting in Australia's best interests'
-
- There are more pages in this discussion • 181 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$42.99 |
Change
-0.550(1.26%) |
Mkt cap ! $218.7B |
Open | High | Low | Value | Volume |
$43.55 | $43.85 | $42.80 | $482.3M | 11.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3242 | $42.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.00 | 30001 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3242 | 42.990 |
2 | 22445 | 42.970 |
2 | 18417 | 42.960 |
2 | 4931 | 42.950 |
3 | 14874 | 42.940 |
Price($) | Vol. | No. |
---|---|---|
43.000 | 30001 | 11 |
43.010 | 14950 | 1 |
43.020 | 17607 | 2 |
43.030 | 28795 | 5 |
43.040 | 39508 | 5 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online