Collaboration in a green (steel) future the focus for Magnum and Saudi partners, page-46

Iron ore is bouncing here at what I have deemed a subjective critical point, anything above top blue line is what I deem bullish anything below bottom blue line is bearish.

this is only 62% FE. It’s not all doom and gloom, still profitable even at 80$ a tonne for 62% because 67-69% Fe Will still be fetching around 130-140/t, last report we have if anyone wants to upload, it shows all In costs of 100/t on the high cost guidance side, so yeah, it’s not all bad, just need offtakes and finance commitments. And the waiting game continues.