I've no problem with this being the top of the market for iron ore. The far more important factor is how long can it hold in the $125-200 range. If the global demand for steel continues to rise then we should see sustained prices in this range (acknowledging they will drop if China's demand decreases). If iron ore can maintain a slow downward velocity long enough to stay in this range for FMG to get its green steel business running, then I am hoping the new business model will grow the business (and share price).
Iron ore price, page-34440
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |