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.
The Iron Ore price was never go to stay at such elevated levels....
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Last
$44.61 |
Change
0.515(1.17%) |
Mkt cap ! $225.6B | |||
| Open | High | Low | Value | Volume |
| $44.70 | $44.70 | $44.41 | $173.8M | 3.898M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 6114 | $44.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.61 | 1500 | 18 |
View Market Depth
| Last trade - 13.44pm 16/05/2024 (20 minute delay) ? |
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Last
$44.68 |
Change
0.515 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $44.66 | $44.70 | $44.41 | 418494 | ||
| Last updated 14.03pm 16/05/2024 ? | |||||
| BHP (ASX) Chart |