Our first shipment hopefully out the door very soon.
Good news below to start the week for an IO Producer like VMS.
30/8/21
The turnaround in iron ore prices continued on Friday as steel mills demand for 62% Fe fines from Australia continued.
The price of 62% Fe fines from the Pilbara rose $US4.63 to $US157.55 a tonne.
That was up $US17 or more than 12% over the week.The price of 58% Fe fines was up $US3.62 on Friday to $US126.50 a tonne.
Over the week it added nearly $US18 a tonne or 16%. 65% Fe fines from Brazil closed at $US176.10 a tonne, up $US5.50 on the day and just over $US17 a tonne or nearly 11%.
The premium held by 65% Fe fines over 62% Fe fines from the Pilbara ended the week at just over $US18 a tonne, about the same as the previous
Friday and down from more than $US 30 a tonne at the start of the month.
Ann: EPA Approves 24 Hour Trucking - Riley Iron Ore Mine, page-23
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