It sounds to me the Chinese (at the 11th hour) decided to counter bid against POSCO to pick up JHEP which is what they had always wanted to do. Now they have their chance as well as owning a good part of the infrastructure.
MMX called for a suspension because the Chinese having played a childish game of hard-to-get realize they have the needs and we have the goods and they are not in a good bargaining position.
A Japanese - Korean stranglehold on the largest IO deposit in the MidWest will undo all the down ramp and undermining effects of the last 12 months amounting to nothing (to gain by the Chinese).
Suspension --> more time requested by the Chinese
It sounds to me the Chinese (at the 11th hour) decided to...
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