Apart from a couple of weeks around Aug 17, Mar 17 was the last time 58% grades were higher. FMG was around $6.50 at the time.
https://www.*.com.au/iron-ore-price-grade-compression-2019-1
Lower grade iron ore prices continued to surge on Thursday, closing the session at fresh multi-month highs.
According to Metal Bulletin, the price for 58% fines jumped by a further 3.6% to $51.51 a tonne, leaving it at the highest level since late August 2017.
Apart from a couple of weeks around Aug 17, Mar 17 was the last...
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