Certainly interesting times.
it seems that the stimulus measures are beginning to have an effect on confidence and that is driving IO prices.
a lot of construction has stalked due to lack of liquidity and resumption of this together with the normal construction season stating in September bodes well.
another thought
it is estimated that replacing the worlds electricity needs from wind will require about 1.5x the worlds current global steel production. You have to also add in the extra required to covert all gas cars to EVs which is probably another 1/3 again, so a total of twice
So 200% of the global steel production spread over maybe 20’years and allowing for a growth in power consumption (? Another 1/3)as well in the background as countries urbanise etc and you are looking at conservatively 15-20%% extra per year over the next 20 years?
that’s a pretty bullish long term trend for iron ore isn’t it?
Iron ore price, page-50460
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |