What price will ore need to be for Simandu to break even. Freight costs will be huge, weather will be an issue as it is in Brazil. They cannot undercut Australian costs. If the world moves towards green steel the demand for magnetite ore will become prevalent. Could end up being a huge white elephant
Iron ore price, page-44407
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Last
$22.47 |
Change
-0.150(0.66%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.55 | $22.31 | $26.47M | 1.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1098 | $22.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.48 | 511 | 6 |
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| FMG (ASX) Chart |