I knew it was going to drop but not this much. I thought $22 would be as far as it would slide.
Its a weird year this one though. China moving to a new rebar standard on September 25
and the coming US election making matters worse.
Then there was the mis steps by FMG and their green hydrogen disaster.
We should never have got into green hydrogen in the first place.
Green iron will be another disaster.
Get back to what we do best and that is sell loads of IO.
Yes can have solar to power daylight operations but get out of the green hydrogen and so called off shoot projects
which are all likely to end badly.
Iron ore price, page-54355
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Last
$20.35 |
Change
0.590(2.99%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $19.91 | $20.50 | $19.90 | $172.3M | 8.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7799 | $20.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 1175 | 2 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |