Iron ore price up 90 cents today to $110.50.
Looks like the price has stabilised at these levels, basically equates to EBITDA of $6 billion for FMG if it stays at this price all year.
Personally I think it will slowly tick up as China moves into its peak construction season.
The other positive is that at $110 its certainly putting pressure on Chinese iron ore production much of which is unprofitable at this price.
Iron ore price up 90 cents today to $110.50.Looks like the price...
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Last
$18.14 |
Change
0.020(0.11%) |
Mkt cap ! $55.85B | |||
| Open | High | Low | Value | Volume |
| $17.90 | $18.75 | $17.75 | $171.0M | 9.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1701 | $18.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.14 | 41253 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |