Geez you post some rubbish.
What did your beloved FMG do during this period?
Increased their output, significantly.
So did a lot of other smaller outfits.
If the price didnt drop so much, they would still be trying to expand even more. It is rational and normal for business to do so.
Iron ore is an internationally traded commodity. Not all of the world's iron ore is produced by Rio and BHP, from the Pilbara.
You think Vale and others would just stand still if we resticted our exports?
No idea, no idea at all.
AGO Price at posting:
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