I don't dilute ore with water, nature does.
The ore MGX, FMG, RIO ect mine does contain water usually about 8%.
Ore sold is usually on the basis of dry content.
Platts, DCE, SGX prices are all based on dry content.
Internal Chinese pricing is mixed, but always specified as so many Yuan per wmt or dmt.
To confuse the issue some ore contains water locked in chemical compound which is freed when heating at temperatures much above 100C. This water content is stated as LOI.
I don't understand what is your point. Do you?
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