the mine at Simandou not operational and when operational it will provide high grade iron ore unlike lower grade provided by FMG at the moment so not sure how it is of any importance to FMG?
why would someone pays higher price for lower grade Fe 58 that FMG provides just because there is hold or delay in Simandou mine which could provide higher grade Fe 65 or above (based on google)... ?
Iron ore price, page-44152
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$21.62 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 7 | 15504 | $21.61 |
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| Price($) | Vol. | No. |
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