Amazing how markets are driven by news feeds and short term price fluctuations as well forecasts. But that's the bots (algorithmic trading from the nsitutions and the like for you. Pre-programmed to make decisions to buy, sell or stay put. The news feed is the best. Plenty of examples of that in the past year. Last month it was shut down Grosvenor, today it's about forecasted lower prices for coal and steel and China steel producer Baowu making comments and their analysis of the current market. Up, down and maybe more down before eventually is up again. Economic growth doesn't stay down forever. This time next year, WHC could be $20 for what ever reason. Nobody knows. All anyone knows for sure is that met coal is required to make steel.
What about ‘green’ steel? The most advanced project of scale is Boden in Sweden, where a consortium is raising €5 billion to build a plant targeting 5 million tonnes annually in 2030. It broke ground in 2022. If it succeeds,it will supply 0.3% of the global steel market in 2030. Very funny, 0.3%
https://www.aspistrategist.org.au/throttling-australias-coking-coal-exports-wont-help-world-decarbonise/
Amazing how markets are driven by news feeds and short term...
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Last
$7.33 |
Change
-0.380(4.93%) |
Mkt cap ! $6.132B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.66 | $7.26 | $55.01M | 7.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1109 | $7.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.33 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |