Can anyone point me to where they get reliable costs on China's domestically produced IO?
IO industry in OZ is quick to point out how unsustainable the IO industry is in China yet says nothing when the steel mills are losing money, somehow that is sustainable but IO production is not.
With China asserting themselves in the region no way will they close off local production and be reliant solely on imported IO, get real, strategically this won't happen. They are ramping up IO production, even at their low graded.
on the way back up 50% today, page-229
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