Didn't the last time the Chinese stop buying, the IO price went up? and they had to buy at way above prices.
I've never been invested in Fortescue, but it does seem to be worth considering at present. From the Rivkin video someone posted, it appears they have extraction costs down to US$13.93 per tonne.
Didn't the last time the Chinese stop buying, the IO price went...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |