How Will Rio Tinto (ASX:RIO) CEO Jakob Stausholm Handle China-Xi Jinping's Iron Ore Buyer Monopoly Cartel?
RIO's CEO Jakob Stausholm Has Just Been Delivered "The Devil's Card"! 2023 RIO Will Be A "Price Taker", Xi's China A "Price Maker." Same For BHP, FMG, Hancock Prospecting-Roy Hill.
Xi's China Monopoly Buyer Cartel-largest, most powerful in history- will aim for 25% Price Cut in 2023-beyond. What will this mean for companies' plus Gov't's' revenues, profits, share prices, wealth?
Already pundits are saying-nay betting-China's President-for Life Xi Jinping cannot deliver, coralle China's thousands of buyers-mills, is doomed to fail.
IMO, after 50 years China experiences & insights Xi is a lay down misere. https://lnkd.in/eP2MaG_J
Australian iron ore producers-exporters plus Federal-State Gov't's will rue the day they ignored "China Warnings" for so long!
How Will Rio Tinto (ASX:RIO) CEO Jakob Stausholm Handle China-Xi Jinping's Iron Ore Buyer Monopoly Cartel?
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Last
$129.24 |
Change
0.140(0.11%) |
Mkt cap ! $47.97B | |||
| Open | High | Low | Value | Volume |
| $129.39 | $130.12 | $129.10 | $161.2M | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1657 | $129.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.25 | 3722 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$129.44 |
Change
0.140 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $129.45 | $130.13 | $129.10 | 165369 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RIO (ASX) Chart |