Ann: Company Update, page-2

"Chinese officials indicated to the Premier that China wants magnetite concentrate production to increase from 8-9 million to 50 million tonnes per annum for use in more sophisticated and higher-value steel making which consumes less energy and causes less pollution."

I hate to say it.
But I TOLD YOU SO!

Anyone who thinks magnetite, (and I couldn't care how credible a user nic may sound), is dead and buried obviously thinks they know more than the end customer themselves!

Like I have always suggested: Go to China yourself and see what is going on over there.
Armchair posting from the Ozzie burbs, whilst convenient, doesn't always reveal the underling bigger picture.
Even more so if you rely on anonymous ill-informed forum postings and the equally ill-informed local media.