NEW YORK (TheStreet) -- Cliffs Natural Resources (CLF_), Rio Tinto (RIO_), and Vale (VALE_) fell Tuesday due to a sudden drop in iron ore prices.
Cliffs Natural Resources fell 6.4%to $21, Rio Tinto dropped 3% to $53.41, and Vale lost 4.5% to $13.18.
The global iron ore benchmark fell 1.3% to $123.20 Tuesday, marking the lowest price since July 2013. The drop in price is due to a decrease in demand from Chinese buyers and large stockpiles of the metal.
good entry day short term trading
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |