65% Fe: US$96 (A$134) per tonne 62% Fe: US$66 (A$92) per tonne 58% Fe: US$56 (A$79) per tonne
overnight
Iron Ore Conference 22 July 2019 (Perth)
Another significant area at the 2017 conference was the beneficiation of lower grade ores that are now being developed to sustain production levels, including the more challenging magnetites. For example, a ground-breaking paper was presented on the dry processing of magnetite ores using the IMPTEC Super-fine Crusher and the Cyclomag Separator to radically reduce grinding costs and the need for process water (CG Kelsey et al). We expect to hear more about such developments at Iron Ore Conference in Perth during July 2019.
The growing divergence between the spot prices for 62 per cent Fe and 58 per cent Fe ores has intensified the focus on beneficiating lower grade ores to take advantage of the higher price for premium grade ores, so this is expected to be a significant focus at the Iron Ore Conference in Perth during July 2019.
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
