Iron ore is NOT dropping to $70 per tonne ...
I am pretty sure I read only a week ago that the bear case scenario was $85.
The IO price may slide a little bit in the short term .. Then comes along the official China US trade agreement - U.S and Chinese liquidity pumps, the steel makers come out of maintenance season and IO sits comfortably above $100 US before you know it.
So please so me your modelling on $85 please @pastperformer as I would like to see it if you have the time. If at $85 the numbers stack up I sit comfortably.
Iron ore is NOT dropping to $70 per tonne ...I am pretty sure I...
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| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| MIN (ASX) Chart |