Australia's largest stock trading and investment forum Australia's #1 stock forum

GBG

Click for more information

0.00%

2.6¢ gindalbie metals ltd

"GRADE IS KING " = KARARA ????? LONG TERM WINNER

First 47 Last

Share
Profile

Follow
maradyne

153 Posts.

4

08/11/17

22:44

Post #: 28623672
Share

Originally posted by maradyne ↑

WA mining veteran and former Rio Tinto executive Mal Randall believes WA’s iron ore sector could be set for a shake-out because of China’s growing demand for high-quality ore and diminishing grades across the State’s remaining deposits.
China’s recent crackdown on pollution has forced inefficient steel mills to close and remaining mills to use higher-grade ore to cut their emissions and boost efficiency and output to compensate.
This, in turn, has seen discounts for lower-grade ore blow out from 10-15 per cent to 25-30 per cent and even 40 per cent. Meanwhile, higher-grade ore is commanding a significant premium. Generally, the lower the grade of ore, the higher the level of impurities such as phosphorus, silica, sulphur and alumina, which requires more energy for blast furnaces to “slag-off”, generating more unwanted emissions.
Mr Randall said the game had changed significantly in the iron ore game and that “grade is king”.

EVIDENCE SUPPORTING THIS IS EVERYWHERE AND ALL MAKES SENSE !!!

CHINA MUST REDUCE EMISSIONS !!!!!!!!!!!!!!!!

Expand

"GRADE IS KING " = KARARA ?????

LONG TERM WINNER

GBG Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Optimising your equity market strategy: Tips for investors

There are more pages in this discussion • 18 more messages in this thread...

First 47 Last

Add GBG (ASX) to my watchlist

SPONSORED BY