Very quickly - correct - Iron Ore prices being fixed under a "negotiation" basis is fine especially since there are few big players apart from Vale, BHP and RIO - Fortescue will I am sure join that club at some stage.Problem will be if current volume importers reduce their previous appetite for whatever reason then down go the stocks (perhaps even further than here)
Just an observation amidst these short term aberrations
MMX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held