Iron ore price, page-53562

US has inflation problems so they in a hole. Australia in a bigger hole and looks like out interest rates will go higher.
It looks like the beginning of a major stock crash.

The banks will get the brunt of the damage as will lithium miners where the price of ore keeps dropping hard
where iron ore miners still raking it in.

Next few weeks will be interesting. A good divvy is coming with a good report and billions made so that is when FMG along
with BHP and RIO will shine.

Lithium miners are halting production which are seeing their shares fall hard before this latest crash in markets
so they'll be hit harder than most. BHP had to stop nickle as IND were under cutting us and China doing the same with lithium.

The last big crash was the pandemic one of March 2020 which say FMG drop very hard to $8.20
Can't see FMG dropping that hard this time.

I think we will see stimulus packages from governments around the world at some point. Takes a a while
to work out what to do then they will all act and pour money into the economy which will cause more inflation
down the track.