I think it is definately possible but i would say not highly. Most likely we will sit in this 100 to 150USD range. If india can't supply enough iron ore for its own steel production then this will in the long term support the prices for the medium to long term.
The only way I can see low prices is if PRC cannot save itself from poor economic conditions. The final throw of the dice in that case would be conflict to divert public sentiment. But we are pretty far from that being the case.
If everyone ignored the pig then he would eventually leave.
If they can focus on using the hydrogen on site without too much storage and little transportation to refine the IO content to near 100% then it could be profitable if green energy is being produced within 30 to 50kms (avoiding effiency losses as much as possible).
The business case of transporting and storing hydrogen for longer is going to be harder to make profitable.
Day in day out nothing changes here, unless the share price reaches something like 35 to 40 Aud I won't be selling.
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