ABC web page on China and the mess they are in.
https://www.abc.net.au/news/2024-07-23/china-approaching-economic-oblivion-property-market-trade-trap/104128504
ABC seems to over do reporting on gloom for clicks.
China is stock piling IO so there is a coming over supply issue which may mean
lower IO prices. What they don't say is that China is using the IO to arm themselves
and they need it for the EV revolution.
Seen bad reporting stories like this before.
Can't see a stimulus package by China due to their massive debt issues.
IO this time of the year is down anyway and often rebounds later in the year.
IO at $103US/T.
Currency was pushing $0.66 and now back down at $0.66US
ABC web page on China and the mess they are...
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