Yes...but surely if the present trajectory continues China will try and further "punish" Australia with less iron ore purchases. Of course this would depend on them establishing other sources which will, undoubtedly, take longer than initial estimates. Nevertheless down the road that new supply will add to new supply being developed by our miners. And with FMG so reliant on IO, it's a big risk.
Iron ore price, page-32667
-
- There are more pages in this discussion • 23,678 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.95 |
Change
0.220(1.24%) |
Mkt cap ! $54.77B | |||
| Open | High | Low | Value | Volume |
| $17.93 | $18.00 | $17.70 | $123.0M | 6.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11526 | $17.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 14618 | 1 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |