Why is Glencore complaining about BHP& RIO increasing supplies of Iron Ore causing prices to slump ? Might it have been caught in its derivatives trading activities? Would it not make it easier to buy into I.O miners like RIO and if successful could we expect them to cut back production in effort to increases prices, but how would it control BHP increasing even more production? I just find the public complaint puzzling.
Glencore Complaint?
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Last
$120.67 |
Change
1.670(1.40%) |
Mkt cap ! $44.79B | |||
| Open | High | Low | Value | Volume |
| $119.51 | $121.04 | $119.20 | $98.70M | 819.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $120.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.70 | 615 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |