This article from yesterday by Market Index.
The Comformation we're able to produce Direct Reduction Pellet Feed Concerntrate is a very BIG deal.
The premium price for this DR product coupled with yet to be confirmed "Cheap" Renewable Energy Supply will substantially reduce cost per tonnes giving us the stability to ride out the IO price cycles for decades to come.
Once the Simandou project in Guinea eventually comes on line (5 - 7 years my estimate) I believe the IO price across all FE products will be extremely competitive.
I really hope we've Scaled up to reach maximum Capacity producing both products DR Pellet Concerntrate and High Grade Low Impurities >68.5% FE Concerntrate.
C'mon Tim let's get this project into Construction phase and get a solid head start.
Clock is Ticking!
