This is a big part of the reason for the fall in IO, that and the heads of BHP, RIO and I think FMG have been saying for 6 months they expect the price of IO to fall and really did not know why it went so high.
Strange thing when the heads of mining companies start calling their own resource over priced.
https://hotcopper.com.au/resources/...w-as-glut-weighs-on-steel.54219/#.WPWJPkV96Uk
Iron ore price, page-733
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Last
$20.14 |
Change
0.180(0.90%) |
Mkt cap ! $62.01B | |||
| Open | High | Low | Value | Volume |
| $20.11 | $20.40 | $19.80 | $203.8M | 10.11M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $20.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.14 | 17291 | 1 |
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| FMG (ASX) Chart |