China can threaten FMG today. China also is a large share holder of FMG.
Unfortunately for China, an IO cartel is very effecient.
FMG can sell to RIO, Vale and BHP clients and the Big3 increase their shipment to China.
Then China will lose leverage and influence on a producer with a 155MTA capacity which potentiall is a 300MTA future producer.
How many bridges can China burn ?
http://www.fmgl.com.au/UserDir/News/en/Media%20release%20-%20Fortescue%20recognised%20for%20impact%20on%20Aust-China%20relations210.pdf
China can threaten FMG today. China also is a large share holder...
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