The underlying question is how much further can IO fall?
let's assume China is shifting away from propped up real-estate driven growth which wasn't sustainable.. and let's assume it can manage the pain
so where does this leave IO price?
and as many on here have said once IO price gets to a certain level it becomes unprofitable for some miners. so there's a safety net of sorts for FMG..
but i don't have the almanac, its gotta be close to bottom if not there already..
?
Iron ore price, page-54424
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Last
$16.13 |
Change
-0.070(0.43%) |
Mkt cap ! $49.66B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.47 | $15.93 | $188.9M | 11.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3323 | $16.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.15 | 750 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |