as if it makes any difference that it’s done through a bank? you’re expect a chinese entity to just pay a significant premium for iron ore despite the massive price drop.
why would the other party not be scrambling to weasel their way out of the arrangement as quickly as possible, or just flat out ignore the terms of the contract.
what is fenix going to do? sue them? that’ll 100% work
Price of Iron Ore, page-131
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