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
$115.94 |
Change
-0.520(0.45%) |
Mkt cap ! $43.03B | |||
| Open | High | Low | Value | Volume |
| $116.05 | $116.64 | $115.55 | $174.6M | 1.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1220 | $115.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.02 | 351 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |