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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Last
$43.76 |
Change
-0.525(1.19%) |
Mkt cap ! $222.9B |
Open | High | Low | Value | Volume |
$43.72 | $43.98 | $43.71 | $282.1M | 6.442M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2438 | $43.75 |
Sellers (Offers)
Price($) | Vol. | No. |
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$43.76 | 2357 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1204 | 43.770 |
25 | 8960 | 43.760 |
20 | 18336 | 43.750 |
15 | 11887 | 43.740 |
11 | 7827 | 43.730 |
Price($) | Vol. | No. |
---|---|---|
43.780 | 2947 | 26 |
43.790 | 17172 | 18 |
43.800 | 18204 | 13 |
43.810 | 5255 | 11 |
43.820 | 5440 | 13 |
Last trade - 15.42pm 05/06/2024 (20 minute delay) ? |
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Last
$43.70 |
  |
Change
-0.525 ( 1.51 %) |
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Open | High | Low | Volume | ||
$43.73 | $43.98 | $43.65 | 1176136 | ||
Last updated 15.59pm 05/06/2024 ? |
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