give it a rest, page-104

The question for the Chinese is not only whether Pluton can bring on supply in a manner that makes it cheaper than taking expanded supply from the majors in future at expected lower prices than present levels, but also the reliability of that supply at a given price.

With the anticipated 20 year Irvine Island mine life, prices will probably go through several price cycles and the Chinese will remember well how the BHP and RIO have hiked their prices with monotonous regularity on every upswing in the past.

One would have though that diversification of supply would be their highest priority.