Welcome back Ashley. Thanks for the drink tip, how do you mix it?
FMG cuts delivery by 4%, RIO gives workers 2 weeks holiday, BHP works on the railway, all reduce supply in order to maintain IO ore price, and it works.
Ago and agolike and agonauts are nusence to the big miners, they doing their best to reduce their profitability. There are similar problems in the oil industry, only on a bigger scale and similarly there are divers opinions what the future may hold.
Tesla and other EVs will hurt both steel and oil industries. Copper, aluminium, artificial fibres and ENVIRONMENT will benefit.
Anyway, I congratulate you on the decision. I only can wish, I could afford a new Tesla.
Good luck with your investments, proceed with caution, lots of known and unknown unknowns.
FMG Price at posting:
$6.57 Sentiment: Hold Disclosure: Held
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