Argh!! RIO ain't in any rush to increase production, if there is a shortage the price goes up they make more cash.
Last month it was doom and gloom, China crashing blah blah blah, iron ore to hit $80, now this month's story is turning into a shortage and spot price to go up.
Good for FMG especially when they ramp to 155Mt and a low Aus $$$, ChaChing !!!! money in the bank.
Next month the world ends again??? lol....
iron shortage looms article, page-3
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$16.66 |
Change
0.360(2.21%) |
Mkt cap ! $51.29B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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