… came strong at 84.9Mt, only -1.4% lower YoY from the 5-year seasonal high of 86.0Mt in Dec’23. Cyclone Sean and the 270 mm of rain delivered over Western Australia last weekend brought perspectives of overseas supply disruption with prices above 100$/t that should incentivise Chinese mines to keep producing near seasonal highs in Jan’25, even with Lunar New Year celebrations later in the month.
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