The average analysts is at about $80/t long term and around $15-$17 share price valuation. A $60/t long term average would do some significant valuation damage.
But keep in mind:
- A single buyer to control demand is one thing;
- Supply is another.
Does anyone know of an economic policy China has implemented of late that hasn't backfired?
Iron ore price, page-48582
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Last
$23.14 |
Change
-0.280(1.20%) |
Mkt cap ! $71.60B | |||
| Open | High | Low | Value | Volume |
| $23.46 | $23.49 | $23.13 | $21.63M | 915.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2980 | $23.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.14 | 5262 | 2 |
View Market Depth
| Last trade - 11.32am 14/06/2024 (20 minute delay) ? |
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Last
$23.16 |
Change
-0.280 ( 0.80 %) |
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| Open | High | Low | Volume | ||
| $23.47 | $23.49 | $23.13 | 204422 | ||
| Last updated 11.52am 14/06/2024 ? | |||||
| FMG (ASX) Chart |