09
Nov
03:04
Fenix builds hedging out to June 2024
Australian miner Fenix Resources has locked in additional iron ore hedging contracts for a total of 60,000 tonnes of iron ore structured as 10,000 tonnes/month from January 2024 through to June 2024, Kallanish notes.
The group says in a statement the firm has taken advantage of the recent strength in iron ore markets.
These new contracts add to the company’s existing iron ore hedge book which now comprises a total of 330,000 tonnes structured as 60,000 to…
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Anonymous
Very good overview of the weekly steel market.
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