That's when market forces come to play. Only those with a viable product (not just the immediate price) will produce and be viable. There is always a balance between supply and demand that not withstanding totally exceptional events almost always wins.
FMG have a demand product, plenty of money, a viable plan for the future, and diversification at play. The 3rd force in minerals here. Personally I would like to see some takeover of Copper and Nickel resources that are near production ready.
Iron ore price, page-30414
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Last
$18.29 |
Change
0.150(0.83%) |
Mkt cap ! $56.31B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.38 | $18.02 | $164.0M | 9.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10275 | $18.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 2897 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |