Archives for November, 2013
A few weeks ago I described the relationship between gross metal value in a concentrate and the net percentage of the gross that a seller will actually receive. You can read that article here. Copper is sold in three main forms: refined copper cathode; copper concentrate; and blister copper. A…
Possibly the best thing that could have happened to FMG was the iron ore price falling to USD85 per tonne, some 12 months ago. That’s the point at which FMG had its “titanic” moment. The company realised that if it didn’t take evasive action very quickly, the ship could go…