Iron ore price, page-35544

For some perspective, might be worth remembering that the stock hit $17.86 on 01/12/2020 - not that long ago.
It touched $18.87 on 22/03/2021, was around the current price in mid April this year and in May 2021 was around the low $21's..... and after each tree-shaking the stock rose strongly - look at the 1 year chart for confirmation.
Recent price movements are par for the course in FMG, imo.
A check of volumes traded shows that these falls happen with only around 0.2% of the total number of outstanding shares changing hands on any given day. This indicates institutions gaming the market for a buck.
Anyone who thinks that IO prices will collapse, whilst all other products used in construction and infrastructure development are rising strongly, needs their head read and panicked sellers deserve their losses which really act as a tax on their stupidity.