$10-15 a tonne....What is the all in break even price for top 4? If the top four not making money or earn marginally, then they will either need to top up their output (cause price to drop even further) or rationalise their production to push up the price (produce less to earn more).
Such low price is hard to happen again, if it happen, it will cause the market to badly undersupplied iron ore to the market which act as the opposite force to push up the market.
I read the chart, anyone knows what happens to iron ore market 10-20 yrs ago? Why the price was so low?
KI Update, page-46
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