People used to say the same thing about iron ore. Demand?! Property?! Steel capacity? Seasonality? Who's the highest cost producer!? All that s?!$
Glencore needs to spend time in India and explain operating leverage. Once Hindustan focuses on maximising profit over the entire life of mine/business (it is family owned after all)...nobody will talk about China, Demand, Inventory, Capacity, Smelter charge ...
It was once understood, China wanted to use up the whole world's resource first and be the only country left with resource. It learnt from the USA and its influence over SE Asian countries with commodities.
People used to say the same thing about iron ore. Demand?!...
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Mkt cap ! $4.782M | |||
| Open | High | Low | Value | Volume |
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| IBG (ASX) Chart |