Don’t say I didn’t warn you.
Iron ore doesn’t fall like this unless there is something extremely wrong with the economy in China.
$50 / tonne here we come ! Ships full of our ore will be waiting for months to dump their loads. this is a monstrous problem and sub $10 a share on FMG and dividend cuts will soon be the new norm while we Melburnians stay at home.
good luck all. You are going to need it.
Chinese steel mills turning away Ozzie ships
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |