I think you'll find BigBen that producers wherever they are are expected to stick to some kind of quota system by the WTO... and China's already admitted that owing to lax control they've exceeded their production quota for 2010/11 already... As I said earlier, price for anything may change in future depending on simple supply & demand - but right now - and for at least the next 5 years - supply will be inelastic - that's a fact.
Best,
VRS
nick curtis on business channel right now!, page-23
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