Not interested, I prefer Grange's high grade pellets. When everybody else struggles Grange has the pellet premium.
This is the best reason
"Iron ore prices will remain volatile and demand for products such as pellets and the 65% Fe fines from Brazil, will rise because they take less energy and involve fewer emissions to turn into steel. For Australian companies like BHP, Rio Tinto, Fortescue, Roy Hill, Atlas and Mineral Deposits (+FEX) this is bad news.
For the country’s only pellet maker – Grange Resources with its Tasmanian operations, it’s good news."
I also put my money on OMH, using the worlds cheapest hydro power and is the largest alloy smelter in Asia outside China.
OM Holdings is the only alloy producer on the ASX, investors forget that for every tonne of steel produced ferrosilicon, silico manganese and ferro manganese are needed. You think the iron ore price has gone up, then you'd better sit down when you see how much the alloy prices have gone up. The problem is that you need inside info to know, unlike iron ore which is well reported. The media in Australia know nothing about the ferro alloy market.
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