Its the widening margins between grades is where the huge profits will be made.
Over the past 3 months the margin between the grades is enormous,
Has increased by US$40/tonne between 62% grade v pellets
Has increased by US$46/tonne between 58% grade v pellets.
Pellets are now nearly double the price of 58% grade ie US$146.90/t v US$276.50/tonne
The margin gap is widening every day.
Pellet Price, page-581
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