Simandou not such a “Pilbara killer”

Via AFR comes an article titled China’s African iron ore adventure will be filler, not killer:

China’s ambition to build an alternative iron ore industry in Africa will push down iron ore prices by a maximum of $US8 ($11) per tonne, hosing down suggestions it will be a “killer” for Australia’s biggest export industry.

…SMB-Winning could increase production to 150 million tonnes a year longer term, but CRU iron ore analyst Andrew Gadd said Simandou would provide less than 10 per cent of the world’s iron ore in 2030 even if the most ambitious development schedules were met.

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