At least BHP and RIO recently have stopped talking down the IO price. I think they have been hurting too much with dividend cuts, wage freezes etc.
Only some analysts and media continue to talk down IO to US$35
Dalian May16 has opened the morning session up a little more. Now +3 to 342 It might be helping FMG through that $1.90
Iron Ore Price, page-4595
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Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B | |||
| Open | High | Low | Value | Volume |
| $16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5870 | $17.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 12148 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |