MGX mount gibson iron limited

High grade Fe will always be in demand, regardless of SPOT...

  1. 1,785 Posts.
    lightbulb Created with Sketch. 140
    High grade Fe will always be in demand, regardless of SPOT market prices,unlike FMG, RIO, BHP.

    My understanding, is, (please correct me if I am wrong), that high grade Fe is for nice shiny fridges,
    dishwashers, and alike, whereas, Fe 63 grade is smelted using lot's of fossil fuel, to make steel.

    Obviously, the higher the grade, the less smelting involved, and more "green", like the Chinese
    gives a flying pig fart about that. So much for communism sharing the wealth.

    However, I digress, about the demand for high grade Fe. It will always be there, in all markets.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
27.5¢
Change
0.005(1.85%)
Mkt cap ! $324.3M
Open High Low Value Volume
27.0¢ 27.8¢ 27.0¢ $226.5K 824.1K

Buyers (Bids)

No. Vol. Price($)
4 153939 27.5¢
 

Sellers (Offers)

Price($) Vol. No.
28.0¢ 362541 5
View Market Depth
Last trade - 16.10pm 04/07/2025 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.