Iron ore price, page-26153

China can't make steel without Oz iron ore, can't make steel then they can can't develop infrastructure and ultimately keep their workers employed and ultimately fed. For a country there are only nine missed meals away from anarchy(someone stated that back in 1906), the Communist leaders know this and so do the IO producers.

China have alternatives with wine, lobsters, grain, beef and coal, not so much with Iron Ore.

FMG took the aggressive approach back in 2014-2016 with significant and aggressive cost savings, workers and shareholders are reaping the benefits and will continue to do. No doubt it will fluctuate over the next 12 months but that fluctuation will be between $15 and $30 in my opinion, a long way from the days of $2 and $5 from six years ago.

Good luck to the workers and shareholders, the leaders showed some business and strategic smarts along with some balls when it counted. Let the shorters short, long term holders can sleep comfortably.