What happened in 2009 in regards to Iron Ore pricing which made the previous 90 year old history irrelevant going forward ? The 90 year history which you continue to desperately quote to shore up your position ?
It didn't make it irrelevant - just more volatile. The price fell 70%when spot pricingwas introduced in 2009 to counter price fixing. . The market collapsed almost overnight and nearly bankrupted FMG. In 2015 IO collapsed again - anothernear death experience. Finally it has collapsed again in 2021(down over 60% in four months). Every informed estimate prices 62% IO at around $65 in 2023. In that case 58% Fe is basically worthless.
Then only desperate shoring up is your ludicrous avoidance of the new reality of long term low prices.
What's the average Iron Ore price since 2009 ?
Who cares? The price has fallen by 60% in four months. IO will continue to fall as structural demand falls and global supply increases significantly.
Iron ore price, page-40646
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