I find it very interesting this mine issue is happening right now as the Russians are negotiating with the Chinese for the 2015 mop contract pricing. Am I the only one thinking this is a strange coincidence??
If the market moves up $30/mt, that means on a 60 mmt market the additional net revenue is around $1.8 billion dollars!!!
Regardless, I believe this occurrence is showing the ground in the region is unstable.