Do you think that Chalco will be exposed to the free carry though? Plus Africa is already well developed in most areas for both minerals and/or o&g.
Rather ironic too that the industry sees sovereign risk in Africa, South America and Asia (which there is) when the biggest proposed expropriation was Labors original 40% "super profit tax" back in 2019.
Clearly China was burnt both by the Citic and Rio investments (as you mention) but I think security of supply will remain important enough for them to further the development of Africa.
Why wouldn't Simandou happen - well if the iron ore price looked likely to stabilise below $50/t. If it does happen then the iron ore price ends up in the same place. So either way ....
One of the big issues with inducement capex is what happens if only one big capacity chunk is needed to sate demand. The cost curve looks very different post investment to what it did pre inducement
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-200
-
- There are more pages in this discussion • 55,259 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.73 |
Change
0.760(4.01%) |
Mkt cap ! $60.74B |
Open | High | Low | Value | Volume |
$19.11 | $19.90 | $19.11 | $207.2M | 10.61M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55717 | $19.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.76 | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55717 | 19.730 |
1 | 48855 | 19.710 |
2 | 20932 | 19.700 |
2 | 27174 | 19.690 |
1 | 1000 | 19.680 |
Price($) | Vol. | No. |
---|---|---|
19.760 | 15000 | 1 |
19.790 | 3715 | 1 |
19.800 | 2400 | 3 |
19.840 | 4500 | 2 |
19.850 | 18050 | 2 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online