This is typical China, flood the market with cheap product to eliminate your competitors and gain global control - they did it with rare earths, solar panels and now nickel and EVs are next in line.
Although BHP has deep pockets, its like any other mining company and will close a mine that is not profitable so western governments must decide if they will continue to let China manipulate global markets for their own benefit or take a stand because miners and their shareholders will just walk away and the idea of building a new supply chain will remain a pipe dream
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