@Atlanta1
Wrong, Chinese demand peaked in 2019. The new plan is to flood the market to crash the IO price for decades. It is a proven tactic used by Japan.
In the 1960s Japan began funding massive mine expansion to flood the market with IO and coking coal. They also created a single buyer and fixed price contracts. By the mid 1970s IO and coking coal were practically worthless. [BHP was selling Bowen Basin coking coal below cost on long term contracts.]
Iron ore price, page-46409
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