Iron Ore prices might come down as predicted but the High Grade Iron Ore can only skyrocket thanks to China imports. I think the market is still not educated on the premiums and discounts and everyone keeps talking about the benchmark Iron Ore price. You add at least $60 on the benchmark price for the 64% IO.
https://www.reuters.com/article/us-...re-as-china-toughens-smog-fight-idUSKCN1BP0JB
Ann: Update - Consolidation/Split - EMG, page-14
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