power plants, page-2

Macquarie Daily Focus .....

"MRE's forecast of a 50% rise in iron ore relates to the ongoing contract market, and MRE now think that there will be no fundamental restructuring of arrangements here. As the big three embark on a programme of massive expansion over the next five years, they are likely to allocate a certain share of growth to the spot market, capturing significant upside over and above contract price realisations. Prices will be pitched above contract but below existing Indian spot on a cif and fob basis."

All good for Vanadium producers. I agree Yrr have some of the worlds most sought after commodities at this time.