FMG doesn't have 2% of the world iron ore market. BHP, RIO and the Brazilian giant control over 60%.
This isn't a breakup, its a geo-political reality check. The Chinese buy up 40% of the world's iron ore.
If they move to Brazil for political reasons, we will be in big trouble.
Better lobby for great foreign relations, regardless of our shipping advantage.
worldwide iron ore duopolies
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Last
$20.35 |
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0.000(0.00%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $96.30M | 4.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.35 | 20500 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |