Iron ore prices fell the past 2 years from $130 a ton to less than $100 during Nov/Dec and it's likely to happen again this year
Gavin Wendt
MineLife
Iron ore prices fell the past 2 years from $130 a ton to less than $100 during Nov/Dec and it's likely to happen again this year. It's easy to get caught up in the bullishness of the iron ore business and recent strong prices, but seasonal forces come into play during the last quarter of the calendar year as Chinese buying dries up. Fortescue Metals (ASX: FMG) is the most vulnerable due to its higher-cost operations and 100% iron ore focus.
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Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
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Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
Gavin Wendt
Founding Director
MineLife
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
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