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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$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.47B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |