RE:Iron ore sales detailsst_esteban wrote:
When it comes to the price that Largo receives from the sale or iron ore, if Largo is negotiating prices with multiple buyers, would not it make sense to not publish the proce for the only sale that they had?
If Largo publishes the price for a single sale, would not this impact the price that theycould receive from other buyers?
You must be kidding, right?
Yearly there are ~2.5 Billion dry metric tons of iron produced globally and currently there is a supply shortage. So there is a truck load of iron ore traded daily all over the world. Unlike Vanadium, iron ore is not traded in secret. Their reference prices are listed publicly. Buyers & sellers trade their iron ore based on monthly average prices which are based on the daily reference prices set by price assessment firms like Steel Index / Metal Bulletin that “receive prices of physical iron ore trades from companies buying or selling iron ore, standardise the different traded products and come up with a volume-weighted average reference price” to be published daily.
And you say that our sale of 14,000T of a lesser quality iron ore product back in March must still be kept in secret for competitive purposes?