Exactly. An important point is also that Vale does not make money at this level, rio would be marginal. So for iron ore to get to that point Vale, Rio and every company except FMG and BHP would have all mines on care and maintenance. Iron ore supply would be cut by more than half. Then what do you think will happen to the price?
Exactly. An important point is also that Vale does not make...
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |