IO price higher than this time last year when it was all doom and gloom too.
IO got as low as $92US/T a year ago. The lowest it got this time round was $97US/T.
It bouncing in and around $100US/T to $104US/T.
At some point it will break out and I suspect by years end it will be about $130US/T again.
Its a cycle we are in at present.
Money that would normally go into FFI will go into future dividends now that green hydrogen
simply to expensive to waste any more time or money on. The only use for it will be green iron/steel
even then questions might be its to expensive to go that way. It will come down to will people pay for
a better quality steel using green hydrogen over coking coal. We are in a cost world and it might be
a step to far at present.
Time will tell.
Iron ore price, page-53513
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