RE: Iron Ore price falls20 Aug 2024 10:24
OPEX All in US$85/t
Iron ore in China DCE closed up 1.21% this morning at $100/t. As Alwyn was saying $100/t is the swinging point.
The benefit of bringing in a JV partner is that they can bring down Opex lower especially by adding scale, 2Mtpa for 10 years is what they going for. As Rob Mosig said in his first interview, "Maybe we should share it."