The price of iron ore plummeted, and Lin Chuan and his team seized the final opportunity to invest all the funds they had retrieved into shorts, dealing a fatal blow to the South Australian government!
However, after nearly half a month of entanglement, the South Australian government could not withstand such a fierce capital impact and had no choice but to give up in the end.
The price of iron ore had dropped by almost half compared to the beginning, nearly touching the cost line of iron ore!
In other words, even if you could sell iron ore now, you still need to make up for labor and shipping costs! The impact on South Australia's mining industry is self-evident.
At this moment, the steel alliances of China, Japan, and Han Li made a fresh pact and directly confronted the South Australian side! They declared that the previously reached price agreement could no longer accurately reflect the current trend of iron ore prices and demanded to renegotiate!
