The failed iron-ore deal with China It was extremely fortunate for the Chinese steel company (which had a deal in place to purchase iron-ore from Largo) to find sodium in the iron-ore, as it enabled them to purchase the material for $7 per tonne. (When the price of iron-ore at the time was over $200.
After making the deal to purchase the iron-ore from Largo, China reported that they were ordering the steel companies to cut-back on steel production, which would obvously send the price of iron-ore tumbling. (which it did).
It's water under the bridge now, but it makes one wonder..