Interesting environment. Coal tanked a while ago because of China but prices are taking off now because Chinese firms are buying Aussie coal via secondary markets at double the price.
Winter is coming and coal demand is expected to skyrocket in China and India.
I would think the same could happen with iron if the Chinese want to stimulate their economy by infrastructure investment and property development.
That has been the Chinese governments fall back strategy for a long time.
Iron ore will be back over $200US/T inside 3 months, page-43
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$22.00 |
Change
0.410(1.90%) |
Mkt cap ! $67.73B | |||
| Open | High | Low | Value | Volume |
| $21.93 | $22.09 | $21.58 | $138.1M | 6.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9247 | $21.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.00 | 3521 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |