You can't have countries around the world closing down whole industries without eventual impact to stock markets. Both Dow and ASX are way too high considering the last 12 months of Covid enacted World Governments welfare and debt maximization.
Buy the dip, FMG will trade between $15 and $30 the next few years. Big chief in China can't do anything re IO supply, he needs to keep making steel.
His people can do without our wine and lobsters, not our IO.
Iron ore price, page-27647
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Last
$22.10 |
Change
0.095(0.43%) |
Mkt cap ! $68.02B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $50.08M | 2.263M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5103 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.10 | 795 | 10 |
View Market Depth
| Last trade - 14.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |