Amazing that no one mentions the most important part of the AFR article which reads:-
"Unlike a lot of other commodities, a lot of these mines are fully committed well before they come into production ... the banks are not funding these mines very much," he said.
"There is a fair bit of production coming on but it is all spoken for, it is not like there is going to be production hitting the short-term markets, it's contracted and on fairly long terms."
This should put everyone's concerns to rest. There is no over supply.
These are just shorted trying to get in cheap.
Do not panic and feed the wolves as they are after your shares.
Relevant Part of the AFR Article
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