I llke how that's the 90Th percentile at $92, that puts the 100th percentile around $100/t.
if inowned a mine and wasn't making$5/t, I would stop production until the prices were higher to make the most of the assets.
therefore unless demand drops, there is solid support for $105/t... Only increasing each year with inflation... until new mines come online
Iron ore price, page-52852
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