[MEDIA] "The lump bump: The ramifications of China’s concerted...

"The lump bump: The ramifications of China’s concerted chase for blue skies extend beyond the purity of content, with the clean-up driving a preference for raw material that comes in the form of lump or pellet. The reason is that, in contrast to iron ore fines – which are like sand – steelmakers can feed them straight into blast furnaces. That cuts out the polluting, intermediary process of sintering. There’s lots of “new investor interest in lump and pellet markets now,” Macquarie Wealth Management said in a recent note. “Being naturally agglomerated, lump is a preferred feedstock for steel production.” Macquarie noted that the premiums paid for lump and pellets are testing record highs."

DYOR