Hi Smug,
We saw a little bounce when Green Hydrogen was announced however its worth remembering FMG is really a pure IO play for the foreseeable future and as China is currently struggling to keep the lights on there really isn’t a lot of excess energy for making steel at the moment, on top of that the fact the Chinese construction industry peaked a while ago just adds more downward pressure. I believe FFI should be spun off sooner than later as the bounce indicates that’s where many would rather invest their money.
Iron ore price, page-39368
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Last
$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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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |