it is always good to keep an eye on what whale scale project like HIO and other minions like MGT or MGU are doing ..
recently, MGU has published investor webinar on their HotCopper homepage. CEO mentioned that one steel company in Middle East wants expand from 5 mtpa DRI to 60 mtpa.. initially this was planned to be max 7.5 mtpa.. imagine 60 mtpa DRI required 91 mtpa DR grade iron ore .. certainly justifies huge demand for HIO concentrate product..!!
General Industry News, page-69
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