Q: How does carbon neutrality reshape iron ore demand?

A: Key shifts:

1) High-grade premium surge: 65% Fe vs 62% Fe premium at $35/t (cuts emissions 10-15%)

2) Pellet demand growth: 20% lower emissions vs sinter; +8% global demand in 2025

3) Green ore certification: e.g., Rio Tinto’s "Carbon-Free Ore" pellets

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