FMG 1.91% $21.62 fortescue ltd

Iron ore price, page-1691

  1. 1,327 Posts.
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    Completely agree bull. In opinion, Australian property, financial houses exposed to our peaked property market, tech stocks at mega highs are destined for a fall while other sectors begin their LT cyclic run. Here we have a mining sector completely written off over the last few years still rolling in mega profits after surviving the worst. These analysts need to get real here. IO demand is here to stay and so are prices to support that demand. The biggest capital growth opportunity is anything positioned to globalisation and urbanisation 2.0 as the world (US, Asia, India, etc) upgrades transport and housing utilising cleaner energies using Lithium, Cobalt and Steel. Gee's they're planning to explore asteroids to potentially mine for iron. Lol that says it all with regards to future demand. Our population is NOT getting smaller.
 
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$21.62
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