I find it surprising that I haven't seen one comment on the TRF thread about the article in the AFR about the huge increase in planned IO output by the big three in OZ.
Do people really think that other IO outfits will be able to compete and sell their product with them pumping up their output to 1 billion tonnes per year?
Even with China expanding (And a question on how long that will last), additional projects coming on line in other countries and especially in Africa, how will these minnows be able to sell their product?
The big three in Oz with that 1 billion tonnes per year will have 1/3 of the total world market........
IMO thse guys are too late to the market.
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- days late and many dollars short
days late and many dollars short
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