The market obviously thinks the Germano disaster is the 'black swan' event that could drive the io price up. Removing 30 million tonnes (2.5 million tonnes per month) from the market, effective immediately, will certainly help. (Not to mention the massive claims liability that BHP will incur longer term.)
Iron Ore Price, page-2687
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$22.04 |
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Mkt cap ! $67.86B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 39363 | $22.03 |
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