I have looked at the cash cost of iron ore producers.
FMG, BHP, RIO, gina rinehart ( $14 to $18 ton cash cost)
https://www.mining.com/rios-now-mining-iron-ore-14-30-tonne/
These low costs will set a very low equilibrium price. It will likely bounce between $25 and $30 depending long term, depending on the willingness for these competitors to compete for market share.
When China expands their mine capacity and reduces domestic construction there will be a market shock. Australian companies will unlikely have influence over the market without sabotaging their own company.
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| Open | High | Low | Value | Volume |
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