alt Hacker NewsIf it was marginally economic for a time while the price was 1/10th of the current price, it must be economic now. This appears to be yet another case of China undercutting, creating a monopoly, and then jacking the prices up.
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solyin • today at 3:28 AM
The environment concerns are the issue. If stories about China are to be believed, getting it out of the ground and onto a train isn't the hard part, it's that doing so destroys the environment and China is unique positioned to not give a shit about the environment itself or with people that live near the mine protesting and suing the government for causing cancer and going all Erin Brockovich on them.
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Unless there are regulations put in place since then about environmental pollutants. It is a hypocrisy from western nations to "outsource" it though: it ends up in the same seas, so the damage is just the same, just NIMBY.