If you wait long enough in this life you’ll see everything and today I am in the astonishing situation of agreeing with the Minerals Council of Australia and its chief Brendan Pearson, responding to Andrew Forrest’s morning media assault, from the AFR:
…”It would represent a giant free kick to Australia’s competitors,” Mr Pearson said. “Hard-earned Australian market share in the seaborne iron ore trade would be given up.
“Export dollars that would have flowed to Australia would instead go to Brazil and other iron ore exporting nations. And one thing we know from commodity markets is that once given up market share is very difficult to win back.