iron ore target $50

In my opinion china is going to target inflation by reducing infrastructure spending which consumes 60% of iron ore.

Jan 1995 to Feb 2005 the iron ore price was $25 ton.
Feb 2005 to Feb 2007 the iron ore price was $45 ton.

The point being China didn't boom till after the G.F.C. and world conditions are not as good as 2007. There is nothing to support iron ore prices above $50 ton.