Correct. As I stated, China want to punish Australia for whatever dumb reason and iron ore prices will be how it is done (along with all the other garbage commodity tariffs).
China won't back down because of their national pride and unwillingness to accept criticism.
This is why FMG is a very good short play.
Iron ore price, page-37530
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$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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