Is Rio a Price Taker?

You used to be sceptical about the miners. And you classified them separately. But do you still isolate them as a separate beast such compared to other other companies? They are, above all else, price takers. If rio or b hp sold iron for even a dollar more than the global price per ton, they would sell zero. Theirvalu volume would go to zero. We love businesses that are able to raise prices without a detrimental impact on their unit sales volume. That's the most valuable competitive advantage. and these businesses don't have that. Having said, they are better businesses than they once were because they are being arr a more ar appropriate managers of capital than they once