RE:RE:Ex- dividend todayThe current (Dec 31) quote for 65% FE fines in China is 172.78 USD perr DMT - which is the majoritty of LIF production - not sure what the current pellet premium is but with that price their cash flow is going to be large and dividends should continue to be significant - perhaps not in the first 2 quarters of 2021 as they tend to be conservative with the dividend in the first two quarters but the back end of 2021 should be good.
There are still analysts who are predicting the Fe price to drop quite a bit in the year ahead - but then again a number of "experts" predicted prices in the 70-80 range by the end of this year and they were not even close to being correct - with stimulus infrastructure projects being proposed by a number of governments the demand for steel should be firm - and then you also have to factor in the deluge of money printing that will be happening and the negative impact that will have on currencies and conversely the tailwind that will give commodity prices.