Replies to post #19360 on The Rising Influence of Rising Affluence

[DewDiligence]

Don't follow CLF. What is approx distribution of end market for CLF production?

Essentially 100% of CLF’s end-user production is in the form of pellets for steelmakers in the Great Lakes region.

Recently, CLF started shipping DRI pellets to its own HBI factory in Toledo, OH that will begin commercial production of HBI in mid-2020 for use by new EAF customers (rather than the blast-furnace customers CLF currently ships to).

CLF’s current valuation does not ascribe any value for the HBI business—see #msg-146743618.

[DewDiligence]

…my Bloomberg link purpose is to show [Big Mining]’s thinking wrt EV market penetration rate and the risk of placing any faith on WS/Barrons views of NPVs of oil reserves.

Got it.