The update stated zero debt and 5.5Billion revenue unlike EV manufacturers in China who use bitcoin sales and energy tax credits for reported revenue. Cliffs revenue is real and profit will break company records this quarter.
Cliffs is at the top of it's game and just getting started making serious revenue and free and clear profit. Maybe you haven't heard that two thirds of China is out of power and why EV and steel manufacturers had their power cut off in China. Manufacturing in China has stopped production of everything and is going insolvent from the hydroelectric power loss from destroyed dams that are not coming back anytime soon.
China isn't coming back and even got coal cut off from Australia. Steel will stay in high demand as China can no longer provide the power to even produce it. Domestic producers can now name their price and it's already game over for China and the China Central Bank.
Shorts will lose their shirt for shorting their way into a hedge fund disaster. Any margin calls have to now be paid in gold. Hang on to that toilet paper as China needs it and any food that can be spared with 50% of their farm land also destroyed and covered in mud.
Third quarter for Cliffs will break company records in revenue and profit. The last to laugh, laughs the loudest.
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