Hi Slaveman,
GM and houses cannot be compared to RIO they like apples and oranges. Effected differently by different markets.
As for "the global industrial process is grinding to a steep decline", well I have one word for you.....INDIA!
They are a rapidly growing industrial nation who will increasingly require commodities like iron ore. In fact they are so confident that of their internal demand for iron ore that they are trying to impose a ban on any of the local product being exported.
rio seals china ore contract ... must read, page-8
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$123.31 |
Change
1.650(1.36%) |
Mkt cap ! $45.77B | |||
| Open | High | Low | Value | Volume |
| $123.90 | $124.47 | $122.50 | $208.3M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1271 | $123.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.35 | 786 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |