This is a classic late cycle commodity market. The low cost iron ore producers (BHP, RIO, Vale) with all in sustaining costs of sub $50/t are going to take a vast amount of market share away from the high cost producers (ie those above $65/t). As Colin Barnett (WA Premier) has identified, it is a "scorched earth policy" by the major Fe producers. Consequently funding costs for any expansion plans is going to be very very expensive ie equity holders will not get rewarded. As a result, the Fe price will need a sustained recovery to justify the economics of new projects. Good luck to existing holders.
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 24.0¢ | $55.98K | 226.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 298772 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 68583 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 298772 | 0.240 |
3 | 74744 | 0.235 |
3 | 89170 | 0.230 |
6 | 222074 | 0.225 |
28 | 712468 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 68583 | 3 |
0.250 | 53265 | 2 |
0.255 | 127803 | 1 |
0.260 | 48934 | 4 |
0.265 | 40000 | 1 |
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