CUF - A Bright Future For Shareholders, page-401

Here's hoping US$100 is the new floor for Iron Ore these days:

Iron Ore and Steel price, past 2 months:



Iron Ore and Steel price, past 7 months:


From Trading Economics: "Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin dropped towards $100 per tonne, touching the the lowest level since May 2023, due to subdued demand in China, the leading consumer. The slowdown in demand is causing a cautious approach among steelmakers, who are hesitant to restock due to sluggish production resumption. Steel stocks are higher than a year ago, reflecting weak downstream demand. Moreover, the recent National People's Congress in China failed to provide any significant support for the property market, and a slow start to the construction season is further dampening steel demand."

Thankfully the team at Cufe hedged a significant % well above this rate for the current quarter.

Hopefully to hear word on Yarram's development soon.