The FMG graph shows only contested tonnes. You continue to miss the point around the mine to mouth Chinese production that is not considered contestable.
Not all Chinse production is bad or high cost. Quite the opposite in fact
> "Again, no need to look further than the IO spot price."
Why would the current marginal global operation be indicative of ALL Chinese production quality. Do you understand how a cost curve is constructed and what it means Matt?
>haematite, the average grade is what determines how economical china's domestic IO production is .
Really. For two very different populations. Tell me Matt, have you ever rolled a 3.5 on a dice (you may need to think about that)
>It won't change China's dependence on the Big3 if a minority of the resource is of reasonable grade.
Following which exactly what will 35Mtpa in 2025 from West Africa do Matt?
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