Vale reported quarterly profit down 59% last night, shows how useless PEs are with miners. BHP a little better diversified, even so.
Iron ore fell below $120 yesterday. This is worth a read:
http://ftalphaville.ft.com/blog/2012/07/25/1093881/steel-yourself-for-an-exciting-time-in-iron-ore-prices/
Vale reported quarterly profit down 59% last night, shows how...
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Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
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| BHP (ASX) Chart |