I don't think it's anything to do with Jobkeeper as the mining industry was never supported by Jobkeeper payments. We know that world infrastructure projects are on the increase as is the demand and price for steel so I think having my money in commodities is the safest place to be. Fluctuations in the SP and our super low SP compared to our earnings is a bit of a puzzle but it's just an opportunity to buy more at a low price is how I keep looking at it. I have no intention of selling but will sell once world infrastructure projects decline and demand for steel declines; which might be never.
Iron ore price, page-29329
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |