Ultimately, China's wealth - and hence her domestic and internal stability - relies on exporting cheap goods to Western and Asian nations, most of whom would not side with China in a war scenario and may decide to make do with a bit less stuff "made in China"... a disaster for the CCP. How sensible is it to wage war on your customers..??
Despotic regimes always falter and fall, it's just the timing that alters.
The danger to FMG, in the medium run, lies less in a war scenario and more in the likelihood of an internal Chinese upheaval which might freeze Chinese IO purchases for a short while.
Iron ore price, page-31198
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Last
$27.01 |
Change
-0.230(0.84%) |
Mkt cap ! $83.16B | |||
| Open | High | Low | Value | Volume |
| $27.24 | $27.25 | $26.88 | $95.85M | 3.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $27.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.03 | 26437 | 4 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$26.91 |
Change
-0.230 ( 1.46 %) |
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| Open | High | Low | Volume | ||
| $27.25 | $27.25 | $26.89 | 522670 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| FMG (ASX) Chart |