RIO and BHP won't gear up more to dump iron ore now because they know that that same ore left in the ground will be more valuable to them later.
Roy Hill will add to supply because it has to. But the amount Roy Hill will add will just knock out high-cost supply (from China and the minor miners) and won't affect RIO, BHP, Vale or FMG directly.
FMG's so called low grade ore is sold at a slight discount in acknowledgement of its lower grade. Its a known input to steel production produced to specification.
China in real trouble as you put it still has a GDP over 6 percent.
- Forums
- ASX - By Stock
- Iron Ore Price
RIO and BHP won't gear up more to dump iron ore now because they...
-
- There are more pages in this discussion • 17,811 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$25.70 |
Change
0.510(2.02%) |
Mkt cap ! $79.12B |
Open | High | Low | Value | Volume |
$25.58 | $25.78 | $25.39 | $142.5M | 5.556M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 49920 | $25.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$25.71 | 2818 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 49920 | 25.660 |
1 | 8648 | 25.640 |
3 | 18728 | 25.630 |
3 | 13773 | 25.620 |
1 | 7010 | 25.610 |
Price($) | Vol. | No. |
---|---|---|
25.710 | 2818 | 2 |
25.730 | 9907 | 1 |
25.740 | 2382 | 1 |
25.750 | 9553 | 6 |
25.760 | 200 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
$25.73 |
  |
Change
0.510 ( 2.20 %) |
|||
Open | High | Low | Volume | ||
$25.57 | $25.78 | $25.39 | 738887 | ||
Last updated 15.59pm 28/03/2024 ? |
Featured News
FMG (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online