If this is weak can't wait for strong
The Chinese economy is moving from export to domestic which should help plus the drop in IO and coal will also help
Don't forget India and impact og marginal producers
I think , given IO is 2nd highest price ever that suppliers were oversold in the panic and part of this recovery is reflecting that.
After all $13 is a long way away and RIO is only half what it was
chinese interest, page-53
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |