Iron ore prices remain elevated and there are many extrinsic events supporting the current level.
Only a few weeks ago heavy rain in Brazil (minas gerais) caused landslides around Vale mining sites, threatening tail dams and disrupting iron ore production.
Vale is a world leading iron ore producer of high grade but they have a truly terrible record for environmental disasters and many of their tailing dams still remain on high alert and in desperate need of reconstitution three years after their last disaster
Heavy rains have returned to Minas Gerais. Keep an eye out for weather impacting Vale and causing a sudden spike in iron ore prices. Even the possibility of weather-related trouble will add a risk premium.
Iron ore prices remain elevated and there are many extrinsic...
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Last
$7.19 |
Change
-0.050(0.69%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.32 | $7.14 | $6.456M | 895.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8160 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.20 | 5015 | 2 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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$7.20 |
Change
-0.050 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| $7.28 | $7.28 | $7.15 | 116674 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
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