That graph just shows its due to go back up which often it does around late September through to about March.
Its a never ending cycle.
June/July/August FMG share price is mainly down as is the IO price. Then it starts to go back up.
China pouring hundreds of billions into renewable power which means they need steel for that.
China are subsidizing anything to do with EV's to corner the market. Need loads of steel for EV's
and China also arming itself for future conflicts and they need steel for that too.
Iron ore price, page-53719
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Last
$18.16 |
Change
-0.080(0.44%) |
Mkt cap ! $55.91B | |||
| Open | High | Low | Value | Volume |
| $18.43 | $18.45 | $18.16 | $96.94M | 5.308M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7669 | $18.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.17 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |