You all need to brush up on current economics. China is heading into big problems, inflation for a start, (just raised interest rates again last week) they have overdeveloped in too short a time, they have new factories, highway, shopping malls and housing estates empty.
Some pundits saying that China is a train wreck. The only green shoot perhaps is the expansion now happening in India but if the rest of the world is going down the tubes then they too will be effected.
Sorry to spoil any parties but reality needs to be pointed out. So DYOR properly.
And on EIO, they are just summoning test drilling so could be well into next year before we start to be positive.
I am also a Val hater but we should not be getting too carried away if we think steel may stay at record levels, the high price is bringing many new producers into the field as well. It is well established that the highs always bring on demand and then we have the lows follow.
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