Lump premiums are now at USD 0.25 dmtu
https://www.tradingview.com/symbols/SGX-LPF2!/
This is about USD 16 premium for a tonne of lumps at 63%.
We produce 54% of ore as lumps at 57-58%. We don't get told exactly what the premium is but in a 2015 presentation we were told $10 premium on lumps when the premium quoted was much lower.
Our product is fairly low in alumina as well which is quite high in demand at the moment.
Either way we would be getting much more for lumps now than a few months back.
Also CD would be predominantly lumps as per presentation last year so this would improve the economics of the mine considerably.
Company should hedge against adverse movements in lump prices by taking out some long dated hedging contracts.
It should be noted FMG barely produce any lumps so this may be another reason for Twiggy to get hold of us
