We are literally and hypothetically starting winter in the IO game, I’m not expecting much action at all between now and end of February, so it’s actually a longer winter than normal as such.
But as we’ve seen with coal, government intervention on the demand side doesn’t always play out in the LT, and if I’m placing my bets as such, I’m still very happy to be in IO for another 2-3 years, and expecting some very strong, profitable prices in May-August 2022.
Also helping, the current contraction has knocked some IO miners into care and maintenance, and moving forward there is definitely a bigger focus and demand for higher grade ore.
Quiet times for now for FEX, but the bear will come out of huber nation next year IMO
Price of Iron Ore, page-727
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36.8¢ |
Change
0.008(2.08%) |
Mkt cap ! $253.5M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.0¢ | $391.6K | 1.071M |
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| No. | Vol. | Price($) |
|---|---|---|
| 16 | 149060 | 36.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 129962 | 11 |
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| FEX (ASX) Chart |