The second order effects are under appreciated. Investors aren’t going to be queuing up to throw capital at new iron ore mines. So agreed - the big 3 here will be even more entrenched. They should be encouraging supply, if they want to bring down the long term price.
News: FMG Australian iron ore miners cautious on China's plan to centralise buying, page-12
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Last
$21.32 |
Change
0.110(0.52%) |
Mkt cap ! $65.64B | |||
| Open | High | Low | Value | Volume |
| $21.24 | $21.50 | $21.07 | $99.18M | 4.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17454 | $21.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 336 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |