I really can’t face tearing apart Son of BREE’s quarterly forecasts again so late in the week but here’s the table for iron ore prices:
Note that these are FOB prices so add $5 for CFR. That is, according to Son of BREE, the iron ore price is going to rise serenely from here through 2021 even as volumes rocket and steel production tanks. Here is BREE versus MB on price:
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And total revenue: