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
$43.99 |
Change
0.090(0.21%) |
Mkt cap ! $223.3B |
Open | High | Low | Value | Volume |
$44.14 | $44.23 | $43.78 | $158.4M | 3.600M |
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No. | Vol. | Price($) |
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Sellers (Offers)
Price($) | Vol. | No. |
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14 | 5496 | 43.970 |
11 | 4123 | 43.960 |
11 | 3586 | 43.950 |
9 | 2945 | 43.940 |
Price($) | Vol. | No. |
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44.000 | 2582 | 16 |
44.010 | 6325 | 13 |
44.020 | 7001 | 23 |
44.030 | 3819 | 9 |
44.040 | 5194 | 11 |
Last trade - 14.00pm 06/06/2024 (20 minute delay) ? |
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Last
$43.99 |
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Change
0.090 ( 0.65 %) |
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Open | High | Low | Volume | ||
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Last updated 14.19pm 06/06/2024 ? |
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