Author: Lalita

Spot iron ore price will stay above $100/t in CY’21 : Australia Govt

Apr 1, 2021

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by

Lalita

in Fines/Lumps

Australia’s Department of Industry, Innovation and Science predicts that the spot price for 62% Fe grade iron ore will remain well above US$100/tonne (FOB, Australia basis) for the rest of 2021, according to its latest resources and energy quarterly report. The high iron ore price is supported by robust demand from China and steady supply,…