You're right it's definitely not all speculative - but I think that's a large component of it. I think the speculative component explains the big swings in price a lot better than consistent demand from urbanisation does.
Iron ore price, page-391
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$25.38 |
Change
0.060(0.24%) |
Mkt cap ! $77.83B | |||
| Open | High | Low | Value | Volume |
| $25.38 | $25.53 | $25.24 | $25.25M | 995.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1764 | $25.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.39 | 3460 | 20 |
View Market Depth
| Last trade - 11.58am 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$25.35 |
Change
0.060 ( 0.17 %) |
||||
| Open | High | Low | Volume | ||
| $25.41 | $25.53 | $25.24 | 514522 | ||
| Last updated 12.19pm 02/05/2024 ? | |||||
| FMG (ASX) Chart |