Missing in that analysis is that iron prices are still rock bottom, and even a 5% increase in price does not wipe out the 1 day price drop from $92 to $80 on november 1. 15% down in a single day.
I hope Graphite rallies but I have been following Iron. I have not seen anything suggesting that iron volumes will increase. China has said they will do more infrastructure, but demand has been weakening for months. All trends turn eventually, but I worry for the next 6-12mo. Even so, miners all over are getting to fairly cheap prices so long as a recession is fairly mild. Talga is of course on a whole different level.
I have seen some other industries sound rosier in H1 2023, maybe raw materials will see that as well.
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Last
49.5¢ |
Change
0.060(13.8%) |
Mkt cap ! $188.1M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 49.5¢ | 42.0¢ | $522.2K | 1.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 13330 | 2 |
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| TLG (ASX) Chart |