Looking to rebuy once iron ore bottoms out and the lithium hype settles.
IMO, not sure China could drive IO price much lower. See what they have done with copper, just capping the move upwards.
And the problem with lithium is more a problem of supply and demand. Prices are clearly heading north in 2021 and 2022. Afterwards, we can expect a flurry of new prod, from RDC, Peru and Europ, on top of main producers (China, Chile, Argentina, Australia). In Europ, two of the three big projects come from Oz managers (Vulcan and European Metals).
For the moment, we could consider lithium as the icing of the cake and refer to what abz said about IO :
The lowest risk commodity with relative certainty about demand and use for the 100s next years.
A-N
Looking to rebuy once iron ore bottoms out and the lithium hype...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$53.92 |
Change
-2.000(3.58%) |
Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
| $55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2257 | $53.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.20 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |