To be fair, I think anyone who has their disclosure as 'held' hasn't missed the point here.
It's just that the rest of the market is finally catching up to reality (that Iron Ore isn't going to suddenly drop to ~$50 a tonne as it is a supply side issue. Sure, the current demand is spiking the price - but it is off an already high base because Vale are miles down on production on where they were ~2 years ago - and unfortunately for them it is only getting worse).
China threatens to boycott Aussie Iron Ore for Brazil iron ore, page-21
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Last
$22.48 |
Change
-0.145(0.64%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.50 | $22.31 | $22.35M | 993.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 340 | $22.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.48 | 7668 | 10 |
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| Last trade - 10.58am 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |