Break it Down: Fenix Resources’ ironclad increase

Stockhead’s Break it Down brings you today’s leading market news in under 90 seconds.

In this episode, host Sarah Hughan reflects on Fenix Resources’ (ASX:FEX) increased mineral resource estimate at its Iron Ridge iron ore mine in Western Australia’s Mid West.

Though some analysts see the portents of a price decline, iron ore prices remain robust, and were up overnight to US$106 per tonne due to strong steel production in China as Fenix ups its ironclad ambitions.