How many dollars of ore per dollar of freight?

15.73Australian dollars per dollar

Australia

Latest close of the share of the mining group Rio Tinto in Sydney, set against that of a listed fund tracking the price of dry bulk sea freight.

132Australian dollarsClose of the Rio Tinto share in Sydney (11 November 2025)

8dollarsClose of the dry bulk freight fund in New York (11 November 2025)

A share at 132.47 Australian dollars, a fund unit at 8.42 dollars: 15.73 to one. The ore is worth nothing until it has boarded the ship.
Observation

Close of the Rio Tinto share in Sydney (11 November 2025): 132.47 Australian dollars
Close of the dry bulk freight fund in New York (11 November 2025): 8.42 dollars

Method

Latest close of the Rio Tinto share on the Sydney exchange (RIO.AX) on 11 November 2025: 132.47 Australian dollars. Latest close of the Breakwave Dry Bulk Shipping listed fund in New York (BDRY) on 11 November 2025: 8.42 dollars. Quotient of the first by the second, without currency conversion.

Source

Nature

Cross-reading

Two real, sourced values with no connection, set against each other. Each is exact. Their quotient has no known use.

Confidence

Medium

2025/315 · 11 NovCumulative sunshine in Alofi over 30 days 2025/317 · 13 NovPrice of the right to own a Category B car in Singapore

How many dollars of ore per dollar of freight?

Method

Source

Nature

Confidence

See also

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