I think that you are right Petercog that Rio don't need another 1 billion tonnes or ore, but what they definitely do not need is yet another competitor with that amount. The iron ore market has been cosy because Rio, Vale and BHP have had significant influence. In a market with increasing supply v demand they will no doubt want to remain in a strong position.
As an aside 1 billion tonnes at the grade that FMS has will never be so cheap as now.
rio will not bid!, page-28
-
- There are more pages in this discussion • 9 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 RHK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
76.0¢ |
Change
0.010(1.33%) |
Mkt cap ! $151.8M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 76.0¢ | 74.0¢ | $8.36K | 11.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1357 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 7055 | 2 |
View Market Depth
| Last trade - 11.50am 01/07/2024 (20 minute delay) ? |
| RHK (ASX) Chart |