Their steel and regulatory bodies have have talking about an urgent need to expand domestic IO expansion for more than 2 years and it's in English. You can't miss it.
You don't sit there talking endlessly about a dire imperative to take critical measures to protect price stability and resource security as if your life depends on it only then decide to think about where to start mining domestically from scratch when Canberra pollies threaten to embargo IO export. Common sense really.
Again, one should focus on the physical seaborne transaction volumes for clues. If it's just small volumes by traders propping up the IOP, it won't sustain.
Enough on the subject. Clarity hopefully soon.
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