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.
What a coincidence that BHP and RIO , the two companies that...
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Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |