It is estimated that in the lifetime of a person living in a developed country they will use approximately 12.5 tonnes of Iron.
Developing countries will add 1.2 billion to world population by 2030.
Perhaps the questions an investor ought be asking should include mine lifespans, company management, systems, future prospects, forecasts, costs and the right capital expenditure.
IO prices will always have trends, sometimes it could simply be supply and demand, geopolitical tension or price control all of which is healthy for the market.
We can play Whac-A-Mole daily with the IO and share price in reality for most none of that matters, for the shorters well it’s imperative stocks move and that’s ok as well, this all depends on why an individual invests in any business.
FMG Price at posting:
$17.08 Sentiment: None Disclosure: Held
(20min delay)