Bernard1138,
RIO's IO costs are higher than BHP's.
BHP believe that they can get the volume inc. by spending their own money on their own assets, and do it cheaper than what they would have to spend to buy RIO's volume.
I don't believe that BHP is saying anything about future commodites upside by pulling out of this deal.
They are just doing what is best for their share holders.
rio down 40% in london, page-92
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Last
$106.61 |
Change
-0.480(0.45%) |
Mkt cap ! $39.53B | |||
| Open | High | Low | Value | Volume |
| $107.15 | $107.89 | $106.21 | $86.66M | 799.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10 | $106.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $106.61 | 8 | 3 |
View Market Depth
| Last trade - 15.08pm 06/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |