With Brazil about to boost production and the once world leader in Iron exports Vale getting set to ramp up its operations coupled with the current muscle flexing by China is the current Iron ore price sustainable ?. Should China pull the same crap with Iron as they have with the agriculture sectors barley meat and wine this imo would send the RIO SP into turmoil. Any opinions on this matter??
Iron ore is price sustainable ?
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Last
$124.51 |
Change
-1.090(0.87%) |
Mkt cap ! $46.22B | |||
| Open | High | Low | Value | Volume |
| $124.33 | $125.46 | $123.69 | $213.9M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2306 | $124.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $124.63 | 500 | 1 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$124.51 |
Change
-1.090 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $124.50 | $125.45 | $123.69 | 241074 | ||
| Last updated 16.10pm 06/06/2024 ? | |||||
| RIO (ASX) Chart |