we have record Demand for IO ..true ? we have record steel...

we have record Demand for IO ..true ?
we have record steel production in china ..true ?

we have billions invested in Australian IO projects, that need $90t to survive and not become Wasted Wealth and capital investment ..true ?

so how did we let 3 big miners flood the Market ??
..creating oversupply ..and destroying the contract pricing system ..that offered financial security .. for Earnings, profits, Taxs , Dividends ..wealth creation for all supporters of New small Producers in Oz... as the Chinese had to negotiate IO prices by 12 month contracts ..

how did we lose our footing and hand it all over to the traders speculators and worst of all the "IO Spot price manipulators" that hoard stockpiles on Ports..to weaken IO prices and crush all those Ozi IO miners .... who then wins ??