FEX fenix resources ltd
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World Bank are forecasting Iron Ore prices to remain elevated at...

  1. RNClarke
    1,503 Posts.
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    30/05/23
    11:36
    Post #: 68031538
    World Bank are forecasting Iron Ore prices to remain elevated at USD $115 for 2023 and USD $110 for 2024.

    Last quarter is a reasonable indication of the profitability to expect in the medium term. India are aiming to double steel production by 2030. Lots of Iron Ore needed.

    I am also exposed to DRR which will likely be taken out by BHP at some point.
    FEX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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