$20 a tonne is possible in the short term but highly unlikely IMO. There is very little ore around that can be dug out at that price so market economics kicks in and adjusts the price accordingly. More likely and the general consensus from economists (a vague science at best) is that the price will hover around the current price for the balance of the year. Beyond that is pure speculation and will depend on the health of the Chinese economy and numerous other factors.
Port and Rail, page-7
Add RHK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
92.5¢ |
Change
0.035(3.93%) |
Mkt cap ! $184.8M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 92.5¢ | 89.0¢ | $41.58K | 46.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3181 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
92.0¢ |
Change
0.035 ( 2.79 %) |
||||
| Open | High | Low | Volume | ||
| 89.5¢ | 92.0¢ | 89.0¢ | 2959 | ||
| Last updated 15.58pm 06/06/2024 ? | |||||
| RHK (ASX) Chart |