It's reality The Chinese residential property market is the primary driver for global IO demand. Whenever the Chinese economy is about to tank eg 2008, 2014 and 2021 the CCP panics and announces another massive infrastructure spend, When the stimulus ends the IO price immediately starts to sink and more developers face bankruptcy. Rinse and repeat.
The alternative market thesis is nothing more than fantasy. Every potential replacement for China has ample IO or alternative sources, FYI India is actually an exporter of IO and steel.Australia is considered an 'unfriendly' country by BRICS and likely to be slowly cut out of many markets.
It's reality The Chinese residential property market is the...
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Last
$25.59 |
Change
0.830(3.35%) |
Mkt cap ! $78.79B | |||
| Open | High | Low | Value | Volume |
| $25.09 | $25.59 | $24.82 | $182.9M | 7.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $25.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.59 | 108 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$25.53 |
Change
0.830 ( 2.88 %) |
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| Open | High | Low | Volume | ||
| $25.05 | $25.58 | $24.83 | 1579176 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| FMG (ASX) Chart |