When Trump was last in power he had a trade war with China and FMG still did well as did the IO price.
EU buys their steel from China. They only doing tariffs on EV cars from China so their own car industry survives.
EU still needs its steel from China.
People worry to much in here.
Iron ore price, page-54083
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 31540 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.98 | 24196 | 6 |
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| FMG (ASX) Chart |