an 86.7% increase in ore pellet prices negotiated by Vale shows that there is real demand/supply forces at work in the iron ore market, not just speculators like some of the other commodities.
given what has happened over the past week with commodity prices and the USD i am even more sure that Indus has been the one selling out as they are a hedge fund and will probably want to unwind the long resources trade.
i cant see AXO not being swollowed up by some chinese company or another australian company looking for a project that is ready to go at these prices.
the movement in price highlights the markets confidence in management.
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