Break it Down: Fenix Resources’ ironclad increase
Stockhead TV
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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.
