I did realise that Ansteel had built a pellet plant in China. Back in 2017 I did question about the significant profits that Ansteel was making between the IO concentrate and the IO pellet price.
Post from 14th Nov 2017
Latest pellet v concentrate graph, note the divergence increasing lately. I'd gather that its Ansteel thats making the profits on the gap between the concentrate and pellets?
Ann: Scheme of Arrangement and Demerger, page-96
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