Its pleasing to see that the AFR is taking notice of the fact that iron ore prices are far higher now than during the 2011 boom due to the lower exchange rate.
We'll see a story in the AFR about Grange later this week or early next week. It should make the market 'stand up and take notice'.
"BHP will beat its iron ore export target if it can match the export rate it achieved in autumn last year, as prices for the steelmaking ingredient surged again overnight.
Prices for BHP and Australia’s most lucrative export commodity rose by more than 4 per cent to $US189.61 per tonne on Tuesday night after output from Brazilian miner Vale fell short of expectations.
The price is now testing all time highs in US dollar terms and is already at record levels in Australian dollar terms, meaning miners like BHP, Rio Tinto, and Fortescue are making bigger profits from iron ore than they did during the resources boom a decade ago."
BHP shipped 6
Pellet Price, page-605
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