All the bluster about China stopping buying Aus IO is nonsense. They need it, and even if they could replace Aus IO with another countries, they're just displacing volume somewhere else. We would sell to those markets and probably at higher prices due to increasing spot price caused by CCP agitation. It's supply and demand - right now it's balanced in favour of the iron ore companies and is likely to remain so for a while, not for ever, but for a while. In the meantime holders are getting an unprecedented dividend return.
Iron ore price, page-32980
-
- There are more pages in this discussion • 22,479 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
$19.73 |
Change
0.760(4.01%) |
Mkt cap ! $60.74B | |||
| Open | High | Low | Value | Volume |
| $19.11 | $19.90 | $19.11 | $207.2M | 10.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55717 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 15000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |