Interesting that the ROM IO output has increased by 14.5% in China for the Match quarter but it has only yielded an increase in IO concentrate of 4% year on year. That would be considerably more processing costs for only a marginal gain in concentrate. Chinese mines have had depletion issues for some time; hence why their output levels are much lower now than a decade ago. The results for the March quarter validate this concern further.
Iron ore price, page-52158
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