Iron ore price, page-54381

I made the mistake of looking at its now the biggest crash FMG has ever in its history in any given year.
Far worse than the 2020 crash which went from $20 to $8.20

The crash of 2008 saw FMG go from $13.15 to $1.13

Its gone from $29.95 this year to $16.07

Reading up and the market is not happy with the wasting of money on green projects and
the staff turn over at the management level.

IO up a bit today but that doesn't matter FMG is dropping like a brick.

To make matters worse the Dow Jones dropped 1.51% last night so a perfect storm.
ASX down so far 1.44%

Some saying China will buy from Africa well they can only export 50 million tonnes a year and the shipping costs alone
make sit more expensive.

China imports 900 million tonnes from Australia.

Feels like a market crash is on the cards as other stocks crashing today.
Lets hope its only a market correction.