My opinions, i thought that was clear.
To clarify I'm mostly looking at the seaborne market. Yes China uses significant high and low grade locally mined iron ore sources and likely to continue to do so protecting its own industry although they should also come under more pressure.
Clearly I'm not talking about a short term market change and nor do i believe FMG is overpriced (now) or will be the next AGO like other commentators.
Much the same as my thoughts on another thread that this is good window for FMG to consider acquisitions. I made the claim the current price of 58% vs copper may never be as good in the medium to long term. Nobody batted an eyelid at that.
I guess there are those that will flat accept norms will continue forever and others who ask questions and have alternate opinions.
Iron ore price, page-11326
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |