i was wrong, page-41

Then why are the commodity trends down eg nickel,45,000 per ton down to 15,000,copper trend is down over 5 years but still high by historical standards but companies like OZ minerals are struggling because production costs to high,IO the maths seem straight forward eg global demand around 900m ton pa then subtract the major producers production forecasts plus expansions and you get over supply,and that doesn't include some of the new african mines. etc