i read an interesting article which is actual fact,that chinese...

i read an interesting article which is actual fact,that chinese mines produce 30% of world production,and ausland accounts for 18%.would it be feasible on those figures, that china has no intention of closing their own mines,regardless of whether the IO sp goes way below the $100-$110/t neutral profit scenario.it is more than likely that these mines will be given other financial advantages to survive,so they can dodge the $US /t price on sp of IO.that"s why they have us at their mercy.
that said,is it more likely that the sp has a lot more probability of trending towards $3 than what most punters are prepared to accept on face value.
cheers crazypunter