The thing is China's economy is not tanking. It's slowing but look at the IO imports. This year will be 900MT.
I don't think there is any big stimulus coming soon. I think the cartel is playing a mild tug-of-war with the Chinese and will stealthily pull back cargo over time.
They get to male infinitely more money selling just a fewer tonnes but at a higher $/T. Cartel dictates the price not China (unless China stops buying).
In any case, it's irrlevant to SDL.
The investment horizon for Mbalam-Nabeba is for the next 30 years or 50 years (arguably). China is experiencing a temporary slow patch (much of it is self inflicting but necessary through crack down in speculation). Other potential bidders for our assets know the Chinese destocking games and what China can't play with (the actual import volumes are growing year after year and domestic ore is on the way out).
SDL Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
