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.
Yes...but surely if the present trajectory continues China will...
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Last
$20.26 |
Change
0.790(4.06%) |
Mkt cap ! $62.16B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $20.47 | $19.51 | $159.4M | 7.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1626 | $20.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.27 | 1281 | 11 |
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| Last trade - 14.13pm 14/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |