I would tend to agree with teddy on the discussion on China. They are not happy that they cannot source from other places and bring Australia to heel like a dog with its master. This is just the way they think. I am not sure these projects in Africa will undercut competitors prices or even get to completion.
Plus west Africa to China is a really long way to sail. We will see. Yes I think now I can see the price being In the 20s before of the end of the year to mid 20s being a smallish possibility.
Iron ore price, page-23701
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