Iron ore price, page-54705

China inflates their figures. They are in a mess but even so they still make one billion tons of steel a year
and to make that much steel they need 1.6 billion tons of IO. Australia ships 900 million tons a year
so its not going to effect Australia IO miners at all.

FMG will start cranking up the iron ore bridge which is the far higher grade IO over the coming months
as the CEO recently stated which will bring it far higher profits.

Probably need a new thread of the higher grade iron bridge iron ore spot prices.

Just need to cut back on the wasting on green projects that lose money
and we will be fine.