In the price indication update a couple months ago, the company gave us the expected premium of USD $28 per ton over Fe62% price. Through tremendous amount of reading and research I am confident we could see this gap increase to around USD $35 per ton in the short term (next few years) and probably even higher in the long term when governments around the world move to ban dirty high emission operations, plants, and construction materials as they did with phasing out all petrol/diesel cars and trucks with new legislations over the last few years. The pressure will be on steel makers to make greener steel, pushing them to buy higher grade iron ore.
This premium gap between Fe70% and Fe62% will only expand further as demand for high grade ore is expected to increase significantly as the world moves to decarbonize steel and as European carbon tax is expected to kick in from 2023.
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $26.42M |
Open | High | Low | Value | Volume |
2.6¢ | 2.7¢ | 2.6¢ | $2.273K | 84.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 398552 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 1138191 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 398552 | 0.026 |
15 | 1623479 | 0.025 |
6 | 694373 | 0.024 |
7 | 1873279 | 0.023 |
3 | 175499 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 1138191 | 4 |
0.029 | 1143781 | 5 |
0.030 | 493613 | 4 |
0.032 | 193080 | 3 |
0.033 | 550967 | 2 |
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