it is estimated that around 300mtpa of iron ore production would be losing money at current prices (mainly chinese domestic production) so I would expect a supply crunch is coming (although how long this takes is anyones guess, it costs a lot to shut a mine so many will grin and bear the losses in the short term hoping for a quick recovery ) so I dont think a bounce towards the end of the year is an unreasonable prediction
the aussie dollar is the bigger problem
it is estimated that around 300mtpa of iron ore production would...
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