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clock Created with Sketch. 09/08/19
20:14
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Originally posted by Vector:
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You forget that high cost producers are typically in China where normal rules don’t really apply. You can bet your bottom dollar that the Chinese govt will give their local industry a leg up at the expenses of the rest of the world. So yes in theory high cost producers should drop out but they won’t especially when mines employ large number of people in the provinces (especially around Yunnan).
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NCZ has long term offtakes with 2 smelters including one group who bought 80% of the offtake from the old century mine.
