speculation on the china vs IO price is complete BS.
IO price will continue to rise, supply vs demand thing.
The way history has played out is
major world event > major world military conflict > major world economic boom > increase in demand for resources worldwide. how this fits in todays picture
COVID > military conflict (yet to be determined, could be palistine, could be china /south china sea/india etc.) then will come super commodity cycle. IO is critical for steel which is critical for economic development, re construction,war machines what have you.
supply can't meet demand simple as that
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Last
28.0¢ |
Change
0.010(3.70%) |
Mkt cap ! $27.56M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.0¢ | $43.01K | 154.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3953 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 116669 | 2 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |