re: News: BHP Billiton warns over looming str... Every cloud has a silver lining.
A short term closure of Port Headland may not be all bad. That would curtail supply to China, give them a chance to chew up some of the stockpiles and potentially re-balance the supply chain. The loss of exports could be recovered on a higher IO price once a bit of demand created.
I've expressed this view before. Its a bit like the Qantas decision to ground all of its flights to bring things to a head. Bit of short term pain, for longer term gain.
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