Iron ore price, page-54554

Lithium is in trouble here and elsewhere. Many will be selling at a loss. The clever ones have halted
production and the not so clever ones keep on going and they'll all go under.

IO is at $92US/T and slowly edging back up although its up and down.
IO doesn't get as low to cost as lithium does.

China steel mills are based on Aus/Brazil higher grade iron ore.
Aust exports around 900mT/Year so nothing much changes for us.

China slow down as the call it is down to 1 billion tons of IO and to make that billion tons the need 1.6 billion tons of IO.

The only worry here is the mistakes FMG are making with green projects.
Wasting far to much money on them and they'll never get that money back.

I would rather they spend the money on the higher grade IO from iron bridge to sell more of that which will bring in far higher profits and not smoke it away with more green projects.