Cant believe that some of the big miners and still shipping big volumes of IO !!
Its a pity that there isn't an IO cartel like OPEC, but that dirty word doesn't exist these days.
China is stuffed to stay the least and with cheap prices there isn't any rush to buy at the moment.
Catch 22, the big miners are shipping large volumes to keep up the revenue numbers which in due course is bringing down the price.
We really need some big projects in china or other countries to push the price back up and some agreement from RIO and BHP to drop production, I guess the million dollar question is will FMG still exist in 6 months?
Time for a Iron Ore cartel !!
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |