The only issues are for BHP and RIO. This JV with Vale will be targeting their 62% Pilbara blend market share. The boot is now on the other foot. BHP and RIO thought they could squeeze FMG but once this venture gets going it will directly threaten their market. I think 100 million tons is just the start.
News: FMG China says not given application from Vale, Fortescue for planned JV, page-4
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Last
$22.09 |
Change
0.085(0.39%) |
Mkt cap ! $68.02B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $56.61M | 2.559M |
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| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2686 | $22.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $22.09 | 5438 | 20 |
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| FMG (ASX) Chart |