"With BHP mothballing olympic mine there basically saying there will be no industry demand?? correct??"
not at all, they are saying the prices that they will achieve through sales once the additional supply comes on line (Cu, and U) will not provide sufficient margin to warrant a 30 billion outlay now.
little to do with demand, certainly more to do with supply.
this resource has just been banked, they will tap it at a time of their chosing.
Anyone who has been pricing U and factoring future supply of olympic dam will now need to recalculate
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