"What about house prices in the US, there will be a glut of cheap housing > the building industry is falling off a cliff)"
Just as well then that the US only has 300 million people whilst India and China (which still have a long way to go before they have finished building houses, apartments, factories, shops, offices etc) have over 2 billion people. This should more than make up for any declines in demand for commodities that might arise from the US building industry falling off a cliff.
rio seals china ore contract ... must read, page-11
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Last
$119.82 |
Change
-1.350(1.11%) |
Mkt cap ! $44.25B | |||
| Open | High | Low | Value | Volume |
| $121.52 | $124.12 | $117.14 | $257.2M | 2.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 108 | $119.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.83 | 112 | 6 |
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| Last trade - 15.04pm 08/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |