Xiang Guangda, founder and chairman of Tsingshan Holding Group.

“There’s also some illegal mining still going on. So while the low price will prompt some high-cost producers to shut down, as we are seeing in Australia, supply from Indonesia will continue to increase, and it could go as high as 70 per cent,” Mr Krisna said.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.