Riversdale's Michael O'Keeffe confident on Canadian iron ore and China demand
The iron ore market's next producer believes China's desire for higher-grade product will continue, and Fortescue Metals Group's plan to improve its iron grade proves the market for lower quality ore is "getting smashed".
Former Riversdale Mining boss Michael O'Keeffe said China's increasing desire for quality commodities means his Canadian iron ore play, Champion Iron, is set to enter the market at the ideal time given its product has iron grades above the 62 per cent industry benchmark.
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