iron ore in Podcasts
productGreenland has significant iron ore reserves, especially in the Isua region.
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So right now, if this war hadn't happened and you see the level of weak demand in China, we would have argued $95 a tonne for iron ore.
And, you know, if you look at some of the estimates out there, you know, for various regions, we're talking 5% to 20% increases in your FOB iron ore costs.
One of the big input costs when you look at iron ore mining is diesel.
Iron ore, we can't not mention iron ore given it's pretty sustained.
Iron ore futures advanced 0.4% to $107.05 a tonne.
It also has significant iron ore reserves, particularly in the Isua region, where experts believe there's about 3.5 million tons of ore available.
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