I suppose with that new vaccine coming out which is 90% effective against covid that Brazil will eventually get back to normal then the ore price may drop back a bit but that might be some time off.
They'll make 300 million doses for their own countrymen in the US before other countries get it and that will all take time so
maybe a year or so before Brazil gets the vaccine so FMG still likely to make loads of cash up to then.
Likely good news for FMG tomorrow which may see the shares go up.
I see the currency is rising despite the reserve bank printing all that extra money to get the currency down.
Iron ore price, page-24999
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |