What a great story, its what I've been saying for months. Pleasing to see that its now being picked up by the media.
"The spread between low- and high-grade iron ore has blown out to the highest on record in dollar terms"
Iron ore quality premium widens to record amid China demand, lower inventories
Clyde Russell
A China Ocean Shipping Company (COSCO) vessel is seen docked after unloading the imported iron ore at a port in Zhoushan, Zhejiang province, China May 9, 2019.
REUTERS/STRINGER
(Reuters) - The spread between low- and high-grade iron ore has blown out to the highest on record in dollar terms, suggesting Chinese steel mills are trying to maximise output by using as much of the best quality ore as possible.
https://mobile.reuters.com/article/amp/idUSKCN2E50WA
Grange's Iron ore pellets at A$427/tonne, page-68
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