It's good news for the whole sector.
We were never dealing with Posco. PLS was close to flat all day today, which now makes more sense given the news . Kidman also traded exceptionally well, however closed well off highs.
Clearly we are come material newsflow. Going to be some very nervous shorts tonight, I would say the offshore names get a lift of this news. All leads to a constructive day tomorrow for KDR.
Long term supply deals are embarrassing analysts.
Speculation is that there are a few more in the pipeline as most here know. I just can't see this "oversupply" thesis hanging around for too long
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