Iron ore is NOT dropping to $70 per tonne ...
I am pretty sure I read only a week ago that the bear case scenario was $85.
The IO price may slide a little bit in the short term .. Then comes along the official China US trade agreement - U.S and Chinese liquidity pumps, the steel makers come out of maintenance season and IO sits comfortably above $100 US before you know it.
So please so me your modelling on $85 please @pastperformer as I would like to see it if you have the time. If at $85 the numbers stack up I sit comfortably.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$21.46 |
Change
0.980(4.79%) |
Mkt cap ! $4.217B | |||
| Open | High | Low | Value | Volume |
| $20.95 | $21.49 | $20.50 | $63.51M | 3.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3350 | $21.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.50 | 1875 | 4 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |