About 95 percent of new supply over the next five years is slated to come from Brazil and Australia,
a Fair Export Quota System for All Miners ..to protect the Funds already invested in developing these assets...in jeopardy now of being mothballed indefinitely
More than 100 million tons of new capacity has entered the market since July, and that's made the financing of new projects so challenging that even lower-cost mines are now being delayed or scrapped, Hoffman said.
BHP /RIO the Deluge Duo Destruction of Australian Historical Wealth drivers... Minerals prices.
now the WA economy , businesses, Jobs, careers, families fortunes, rural towns revival , hope and Xmas cheer for many miners families + their service providers is shattered in only 4 months since the Deluge Duo went into overdrive ..ramping up IO production to cut the IO prices in Half...dragging the whole industry into collective Depression .. worldwide.
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