The Iron Ore price was never go to stay at such elevated levels. I believe, medium term, it will settle between $US80/t and $US100/t on average with the $US80/t based on the cost of mining & processing Iron Ore in China with it's much lower Fe content than that from Australia & Brazil. China will not want to make their IO mining sector into a loss making industry potentially losing thousands of jobs.
I assume Brazil IO exports are still affected by COVID and therefore we may see further short term falls it they get back to full production. IMO.
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The Iron Ore price was never go to stay at such elevated levels....
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Last
$41.64 |
Change
-0.120(0.29%) |
Mkt cap ! $211.1B |
Open | High | Low | Value | Volume |
$41.75 | $41.77 | $41.35 | $254.3M | 6.119M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16260 | $41.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.66 | 8400 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 16260 | 41.630 |
1 | 250 | 41.620 |
3 | 1290 | 41.610 |
8 | 7321 | 41.600 |
1 | 50 | 41.590 |
Price($) | Vol. | No. |
---|---|---|
41.670 | 1700 | 1 |
41.680 | 140 | 1 |
41.690 | 6758 | 2 |
41.700 | 1528 | 3 |
41.720 | 9758 | 2 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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