Hi yes commercial level of iron ore at its best require
levels of P at .01 or below. Then why did 2 chinese companies invest in cxm buy 20% of it. This is Why along the iron ore cxm has is the seam gas. High level P iron ore requires it to be mixed with other low level ores
or to be smelted down at a higher temp. Part of the cxm plan is to sell the ore which is pre sold to the chinese steel companies which raises revenues for cxm.
Then hit the 250 mil ton ore site melt down to pig iron pellets which are the new gold with gas they have through the seam gas. the chinese have known about P levels for a long time like us and will bite the bullet for long term gain as they don't have natural supplies to smelt it down. It really annoys me that people don't do there own research eg jkim and a few others all this is on the web so sell and let us make moolah as info is king
Why would the chinese throw money away for nothing DUH this is the last time l explain this to the people who can't do there own research and then wonder why my charts work.
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