i think its a good time to slowly start buying.
so considering the in IO companies like ago , mgx and indian producers will be bankrupt in days.
entry at $5 abd buy for evry 5 % drop.
fmg is here to stay. china is still growing .
ppl still need housing in china and india.
so no worries.
price set by supply and demand. demand still strong . as price falls so will supply and u will have swings.
dont think most producers survive usd $ 60 sub levels for IO.
few can match fmg all in cash costs in the world.
Iron ore price, page-769
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |