With all the Iron Ore price drama happening at the moment, MacroBusiness have produced perhaps the best, simple, graphic examples of what’s happening to Iron Ore miners and when viewed through this lens the challenge of David vs Goliath, big vs small becomes obvious.
As noted in a previous post on this topic, Iron Ore Price Smash, smaller miners are disproportionately affected by poorer Iron Ore prices and China’s rapidly shrinking demand.
Below are two graphics which demonstrate how the market is reacting to the large and small miners on the ASX, since all this Iron Ore hullabaloo started.
First, the big miners… RIO, BHP and Fortescue (FMG)
And now for the smaller miners…. AGO, ARI, MGX and GBG