IO in July last year was $92US/T which was the lowest point and so far this month the lowest its been is $97US/T.
March last year the divvy was $1.08 and I am expecting the divvy to be higher for the final one.
Shorters tend to try and pull it down leading up to the final reporting season.
It has dropped further than normal and not seen any doom or gloom news on why that might be.
China spending up on moving to EV's over combustion engines so lithium stocks should go up but still falling
as is the spod price. IO today at $100US/T.
FMG yesterday said it was going to spend more money on green projects. Maybe the market didn't like
that news.
BHP and RIO down today as well.
Iron ore price, page-53281
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