They make a bucket load of cash from Iron ore. The margins are huge. Make it for $30 AUD sell it for $210...unheard if in any other commodity for such sustained periods. The only issue I see is they are heavily reliant on China.
RIO Technical Analysis, page-10
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Last
$115.91 |
Change
3.100(2.75%) |
Mkt cap ! $43.02B | |||
| Open | High | Low | Value | Volume |
| $115.01 | $116.42 | $114.93 | $184.0M | 1.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | $115.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.20 | 200 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |