"Is China going to be exporting next year? Have you heard whether the government will be relaxing its export tax?"
China will most likely be looking after it's remaining reserves. They have pretty much run out of high grade ore and are progressively having to mine lower grade ore. I was reading the other day they will eventually become a net importer.
"How much capital expenditure is needed to get this thing off the ground? How is it to be funded?"
Have a read and listen to the last few presentations.
emh hypothesis, page-19
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