The market is lumping coking coal and iron ore together as both are ingredients for steel making but very different. - Iron ore is being hit by oversupply problems - large stockpiles and future mines coming on stream - Coking coal does not have these issues - it is getting increasingly harder to start new mines - It will take the market a while to figure this out but yes this is a good buying opportunity
The market is lumping coking coal and iron ore together as both...
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Last
$7.65 |
Change
0.020(0.26%) |
Mkt cap ! $6.399B | |||
| Open | High | Low | Value | Volume |
| $7.69 | $7.71 | $7.64 | $24.66M | 3.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 22151 | $7.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.66 | 12306 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |