Cheap ore, costly chemistry: Repricing the iron ore cost curve

The traditional value-in-use (VIU) model based on chemical properties is being boosted by the global push for decarbonization. This is changing in the iron ore market, separating high-grade, low-impurity ores from the lower-grade majority. These VIU adjustments are reshaping the cost curve, altering the competitive position of producers across the industry. In simplest terms, value-in-use ...