Re Ukraine IO, I see the Ukraine currency, the Hryvnia, was devalued in July 2022 by 25%. 3 years ago it was worth over 4 US cents, now it's about 2.7 US cents. So we can see why they have been able to export IO economically. Apparently war troubles around shipping ports may have hampered exports during recent times. Ukraine is facing desperate times. Too much could be said here!
If the AUD was devalued so much, VMS would be selling IO too! Our stable economy means that VMS cannot sell one shovel full of IO yet.
The Russian currency has held up much better to the USD, but then the USD does not matter so much to Russia now that they are dealing more independently.
Ann: Riley Iron Ore Mine Update, page-153
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