Ordinarily I would say 7-10 years, tops.
But given our current relationship with China, which even if we started to try and rebuild today, I’d be leaning on the side of much sooner.
So I’d say a safe bet would be 5-6 yrs, as they sadly have far more motivation now.
On a side note (I suspect this is relevant to what you’re ultimately wanting to know overall), if you then factor in Vale upping production, 4-5 yrs will be when we start to feel the sting.
Iron ore price, page-24944
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