What a coincidence that BHP and RIO , the two companies that appear to be cheapest suppliers of iron ore also have "Singapore Hubs" . Paying less tax , not a level playing field competing with other iron ore producers.
Without these tax advantages the price of IO would be much migher .
They might be outsmarting our senate ( they will end up doing nothing just plenty of verbal) but I think China might have the final say, FMG and a few others might become takeover targets.
I have no doubt China would prefer to deal with Chineese companies.Interesting times ahead.
Iron Ore Price, page-1826
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Last
$21.59 |
Change
-0.270(1.24%) |
Mkt cap ! $66.47B | |||
| Open | High | Low | Value | Volume |
| $21.71 | $21.80 | $21.51 | $95.00M | 4.393M |
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| 2 | 7115 | $21.56 |
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| Price($) | Vol. | No. |
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| $21.59 | 4291 | 2 |
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| FMG (ASX) Chart |