It is interesting to see (for the first time?) some broader thinking rather than the new bridge/new road/new building article re-posts.
When iron is running hot the discounts for product type (even BHP's and Rio's Yandi let alone the lower quality ores) shrink, as the market tapers there is typically a double whammy for the lower grade producers with hit to headline price, then the follow-up punch on discount.
Iron ore price, page-713
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