Although I have no way of being sure of the impact on share prices, China announced this week that it was pressing ahead with plans to develop a price setting mechanism for iron ore. This will obviously compete with the current big three price setting and you don't need to be Nostradamus to predict that China's prices will be lower than anyone else's.. I have no idea whether this will affect actal prices, but if it does create some downward pressure, Rio will be hit harder than BHP.
results vs the market, page-7
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Last
$125.74 |
Change
-3.390(2.63%) |
Mkt cap ! $46.67B | |||
| Open | High | Low | Value | Volume |
| $126.45 | $127.31 | $125.01 | $247.6M | 1.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 587 | $125.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $125.88 | 200 | 1 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |