Good post.
Have to add some bears, sorry
-China uses 9% scrap metal, rest IO. Developed countries use 65% scrap metal, 35% IO. China is expected to use ~30-40% scrap in a decade. A similar story for India. This is just basic logics/economics.
-India will supply itself. Indian IO industry was hurt by poor regulations. The government is improving this (they say so at least). India has huge low grade reserves and a decent amount of high grade IO. Indian IO output is expected to grow and to result in a exporting country quite soon.
-Additional 20% supply on the seaborn IO market is incoming in a year.
Don't be a bull or a bear, be realistic.
India is coming, page-3
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |