china food security under threat

http://www.chinadaily.com.cn/bizchina/2011-07/25/content_12979049.htm

"However, the most important and fundamental reason is the intensified monopoly of the international suppliers in this field"

The way to break the monopoly is to get companies like STB off the ground. Back to $400/t is still extremely profitable for STB with open pit mining. An 8mtpa operation generates an NPV in excess of $9b.