Koala wonders who could be a benificiary of a carbon price / trading mechanism being implemented in China, some slides 1/n 
Anyone else feel like a caipirinha or just the koala? 2/n
Koala wonders why Twiggy & FMG are investing so much in the potential of hydrogen? 3/n
The data kind of says it all don't you think 4/n
These premiums are not well understood by the public buyside 5/n
And that scrap will be our savior hypothesis? Ah, speak for yourself but the koala prefers high quality steel that will accomplish what is required of it in a building or an automobile 6/n
It's amazing how maintaining a library of old presentations over the years is a unique resource to understand where the world is going and what trends are accelerating 7/n
Especially when you realize the data shows EAFs still require metallics to supplement their scrap feeds (which a separate topic entirely, scrap is going to get weird next 10 years) 8/n
So what's the conclusion here?
Take step back from the last qtr, the last yr, or even the last 2 yrs, the longer term trends are there but everyone is just focused on the next print & their next bonus cycle
Oh, and Simandou is 10+ yrs away from hitting 100MM tpa production 9/9
Take step back from the last qtr, the last yr, or even the last 2 yrs, the longer term trends are there but everyone is just focused on the next print & their next bonus cycle
Oh, and Simandou is 10+ yrs away from hitting 100MM tpa production 9/9
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