I think it will stay around the $18 mark but the next day ex date day it might fall below $17.
I still think by years end it will be over $25 a share.
Go look at things a year ago and the IO price was below $90US/T.
The currency back then was like it is now at about $0.68 as well.
Got to remember come September 25 they are re stocking everything due to new regulations so dumping the old steel
for the new IO shipments.
All I see happening is IO prices going up faster than usual come after September 25.
Some might be re stocking now too.
Iron ore price, page-54342
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |