Lets not forget the revised growth from China is still 7 - 9 %, and whilst it maybe softened from 12% or whatever, even these lesser numbers translate to huge demand.
China has seen an opportunity with IO to "play the game" and drive prices down, which they tried but couldnt do 8 months ago when negotiating. Why wouldnt you if you were in a postiion to do it, makes good commercial sense
fmg is higher risk than unhedged io in ground, page-4
-
- There are more pages in this discussion • 13 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 FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.60 |
Change
0.200(1.09%) |
Mkt cap ! $57.26B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.68 | $18.34 | $157.0M | 8.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10105 | $18.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 17942 | 8 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |