Related Events
Proactive Investors: Chair Mark Eames speaks to Proactive at Mines & Money London
Magnetite Mines on its operations in South Australia (proactiveinvestors.com.au)
Learn moreIt’s hard to concentrate on anything else except iron ore at the moment. It hit US$230 a tonne yesterday in China.
That’s an astonishing run. Iron ore stocks rallied hard yesterday. No doubt they’ll be some fun today too.
It’s worth remembering, however, that iron ore is not a cryptocurrency. It cannot run up forever without a real-world consequence.
Eventually, the input cost for the steel mills gets too high and they’ll lower their bids. At what point does that come?
Your guess is as good as mine at this point.
To view more of this this article please click here.
Related Events
Magnetite Mines on its operations in South Australia (proactiveinvestors.com.au)
Learn more