Global Iron Ore and Steel Forecast Conference in Perth last...

Global Iron Ore and Steel Forecast Conference in Perth last week.

Nice summary article ==> Column: Iron ore may see structural shift on lack of new supply, decarbonisation | Reuters

Bodes well for the long-term play of CIA. My favorite snippets include:
- If steel demand grows at roughly the same pace as the global economy, and if a compound annual growth rate of 2.5% is assumed, steel consumption will have more than doubled by 2050.
-The iron ore industry needs to add 100 million tonnes of new capacity every year just to replace mines that are depleting.
- The impact of decarbonisation is a further uncertainty for iron ore producers. One way of reducing the amount of coal needed per tonne of crude steel is to use higher grade iron ore, and this is likely to drive a two-speed iron ore market, where high-grade material commands a widening premium over lower-quality ore.