We need a whopping cyclone ., page-4

The comment was tongue in cheek.
It seems absurd that RIO,BHP & FMG who
argueably are together in the drivers seat of
world IO supply cannot simply match supply
to demand and maintain sustainable IO
pricing.

Instead, they continue to ramp up production
and supply China with enough cheap IO to
stockpile for years.

It seems stupid for these mammoth producers
to continue to play the free market game when
their major customers are controlled by a centralist
Chinese Communist Party who is obviously winning
the pricing war.

If the big three think that overproducing and knocking
the ass out of price temporarily will get rid of their
small local competition then they have another thing coming.
Once the smallies get into difficulties, the Chinese will
pick them up for a song and then crank up production further
and we'll then see IO back at $30/ton, IMO.