It's good news for the whole sector. We were never dealing with...

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