The Iron Ore price was never go to stay at such elevated levels. I believe, medium term, it will settle between $US80/t and $US100/t on average with the $US80/t based on the cost of mining & processing Iron Ore in China with it's much lower Fe content than that from Australia & Brazil. China will not want to make their IO mining sector into a loss making industry potentially losing thousands of jobs.
I assume Brazil IO exports are still affected by COVID and therefore we may see further short term falls it they get back to full production. IMO.
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The Iron Ore price was never go to stay at such elevated levels....
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Last
$42.70 |
Change
0.000(0.00%) |
Mkt cap ! $216.5B |
Open | High | Low | Value | Volume |
0.0¢ | $43.15 | $42.66 | $1.948M | 45.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300 | $46.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.43 | 12872 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300 | 46.980 |
3 | 17345 | 46.970 |
5 | 1815 | 46.040 |
4 | 728 | 46.000 |
1 | 100 | 45.000 |
Price($) | Vol. | No. |
---|---|---|
38.430 | 12872 | 2 |
40.500 | 118 | 2 |
40.570 | 184525 | 7 |
41.000 | 1322 | 8 |
41.230 | 5311 | 8 |
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