I’m more interested in trying to understand why all of a sudden both IO & Coking coal prices are getting absolutely obliterated - unlike something seen before. Does it have to do with their regulator forcing it or inflation spilling over into the demand for the commodities? I’m stumped & I’ll be surprised if the company doesn’t elect to pause operations if we don’t see a reversal within the next 6 weeks or so.
Ann: Fenix extends Iron Ore Hedging Cover, page-42
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