It should be crystal clear to the market that the supply issues remain & the global demand for IO will be higher in 2021 than last year.
China needs more IO than last year. The rest of the world is picking up and the market cant or wont supply the gap fast enough.
IO price is set to remain at elevated levels for this year and into 2022 imo.
Perhaps in March we will see it go beyond the $180 mark. Some analysts have predicted that it could breach the $200 mark.
The smart analysts are ahead of the curve.
On track for massive div.
FMG is a hot buy.
HAPPY CNY to FMG Holders
Iron ore price, page-27821
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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 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |