Rio will remain under pressure until iron ore prices recover, imo. China steel prices fell again today:
http://af.reuters.com/article/metalsNews/idAFL4E8J80TC20120808
If iron ore prices recover, if China introduces stimulus, then Rio will do well. Until then, it's watch and wait.
Rio will remain under pressure until iron ore prices recover,...
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Last
$117.62 |
Change
-1.010(0.85%) |
Mkt cap ! $43.66B | |||
| Open | High | Low | Value | Volume |
| $117.51 | $118.73 | $117.02 | $240.5M | 2.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 681 | $117.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.93 | 3187 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |