The CCP keep on playing these economic games and end up shooting themselves in the foot.
Stuffed up majorly on coking coal and now losing the game on iron ore. May they forever continue with their idiotic behaviour so that the I/O price keeps on rising and shareholders can rejoice.
My favourite part in all this is when the rest of the world play catch up and start buying Australia’s iron ore to the point where there will be a shortage in supply. RIO, BHP and FMG can just just shrug their shoulders and say “sorry Xi, don’t have any for ya this month, maybe next time”.
Iron ore price, page-31464
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