Gell Mann Amnesia this isn’t, although perhaps part of that precursor stage. The jarring detail that calls into question everything else being said:
The price of iron ore is under pressure from massive Chinese production.
Well, no. The iron ore price is under pressure from a massive reduction in planned Chinese steel production. Not from any massive rise in domestic iron ore production.
Makes everything else said on the subject of metals and markets more than a little suspect, eh?