There is some good news for S32 with the FTA, removing tariffs on aluminium could be very good news as Worsley is one of the best assets i think. Removing tariffs on coal also helps for assets that are struggling.
"China has agreed to immediately remove tariffs on some resource products such as its 8% tax on Australian aluminum oxide"
"The tariffs on coking coal will be removed on day one, with the tariff on thermal coal being phased out over two years."
http://www.platts.com/latest-news/coal/perth/possible-two-year-wait-for-china-to-eliminate-27519085
There is some good news for S32 with the FTA, removing tariffs...
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Last
$3.70 |
Change
0.170(4.82%) |
Mkt cap ! $16.75B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.72 | $3.61 | $102.3M | 27.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 216566 | $3.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.71 | 7952 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| S32 (ASX) Chart |