Ann: Trading Halt, page-49

VMS future looks brighter than ever... we have at least 5 projects potentially "company makers" in progress, I.O. pricing looks steady as she goes according to Bevis Yeo, elsewhere and last but not least we'll have now money to complete the wet processing as well progress v. exciting KULIN GOLD exploration as well as pin-pointing the location of potentially profitable vms-type deposits in W.A. (& elephant U/G Tin/Tungsten in Tassie) DYOR:

"China’s iron ore imports hit a new record in 2020 as coal imports surged in December due to an unusually cold winter.

According to UBS bank analysts, China imported 96.8 million tonnes (Mt) of iron ore in December, taking its total imports in 2020 up to 1,170 Mt, a 9 per cent increase over its imports in 2019.

This demand could continue with unofficial surveys indicating that large and medium steel mills processed an average of 2.19 Mt per day in December.

Steel export demand is continuing to normalise, growing 36 per cent in December over the previous month to 3.5Mt.

Iron ore port stocks have also slipped over the fourth quarter of 2020 to 124.25 Mt at of 11 January 2021.

Little wonder then that iron ore prices climbed nearly $US7 per tonne in a week to $US 172.25 per tonne last week.

Expected weather issues, which typically impact iron ore volumes from the major exporters, could also provide additional price support in the current quarter.

Meanwhile, hopes that Brazil’s output would recover have been dealt a blow following a ship loader fire at Vale’s Ponta da Madeira that means that large ships won’t be leaving port on schedule for a while.

UBS noted that it was still unclear what impact this could on export volumes from the South American country." (Bevis Yeo)