agree with what you say mickey if the io price was going to be $80 per ton. but it may go there but never stay there because you forget 30% of china io supply is still from their own mines that cost an average of $120 to produce. when ever price below $120 their mines start to wind back, demand for imported ore goes up and price goes back up. it is a natural floor in the system. chinese just price manipulating at the moment like they always do. it just means another round of big push to come and another round of buying aussie mines.
LCG Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
