OK, just for a bit of balance,here's Michael Pascoe giving the glass half full perspective.
Half full/ half empty? Take your pick. Over the long term, China will no doubt be consuming a huge amount of fe. Just a question of the supply/demand dynamics over the next few years to see how much they have to pay for it (or the projects themselves). By extension, how patient will CFE be in waiting for a high end figure.
BTW, China just announced 30 new infrastructure projects, including 2000km's of new rail. That can't hurt.
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