In support of your comments here is a recent message from Wood Mackenzi of 24 May 2021 (https://www.woodmac.com/reports/metals-china-iron-ore-cost-summary-21911958)
"Report summary
Our 2020 average total cash cost of Chinese iron ore mines is US$0.5/tonne higher compared to 2019 due to higher royalties and levies because of higher iron ore prices in 2020. We expect costs to increase to US$70/tonne due to the strong RMB in 2021. Iron ore prices were stronger than expected in 2020 and again this year which has meant positive margins for most producers. We anticipate weaker iron ore prices from 2022 onward, which will impact Chinese margins and lead to closures of domestic mine capacity over the medium term. In this report, we review China's iron ore costs, margins, infrastructure, quality, and reserves and outline some of the changes we see happening. For the first time, we have included CO2 emissions estimates for iron ore mining in China, including a China emissions curve by mine and product and a global emissions curve highlighting where Chinese mines are positioned."
In support of your comments here is a recent message from Wood...
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Last
$27.40 |
Change
0.390(1.44%) |
Mkt cap ! $84.39B | |||
| Open | High | Low | Value | Volume |
| $27.64 | $27.67 | $27.15 | $66.25M | 2.412M |
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$27.42 |
Change
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