I see via a link to an AFR article on the FMG thread 'Fortescue the new Atlas' that Vale's 65% ore is attracting a premium over RIO and BHP's 63% and that RIO has no plans to increase the percentage of its product. This seems a bit of a worry to me and I wonder if RIO could feasibly increase the percentage if it became desirable, or are they doomed to supply a second tier product?
Rio the next Fortescue?
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$119.00 |
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Mkt cap ! $44.17B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.69 | $119.00 | $216.2M | 1.800M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 130 | $118.99 |
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| Price($) | Vol. | No. |
|---|---|---|
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