I’m watching iron ore players with interest only atm .
Obviously the iron price has fallen to more “normal” levels and I would think FMG ( Rio/ BHP) still making a quid as they have for years :
I just feel atm iron hasn’t based out . Evergrande and other Chinese property developers who seemed to build ( and use steel) just for the sake of building are looking very shaky. It seems they are pulling some apartment blocks down now - scrap steel may be useful
FMGs commitment to green energy commendable but will be costly
At some stage I may buy some but will wait
Iron ore price, page-39615
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$21.86 |
Change
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Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
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| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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