Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to confirm the 3rd shipment of iron ore fines has today sailed from Port Hedland, destination China.
The vessel is carrying 70,202 wet metric tonnes of iron ore grading approximately 60% iron. Final pricing is expected to be in the range of US$160-170/T CFR China.
Shipments for the March 2011 quarter have met forecasts. Ramp up of the mine is now considered complete and production now at steady state. Monthly shipments are scheduled for the remainder of the calendar year with a budget of 820,000 tonnes targeted.
