The Federal Government via its BREE is
down ramping the price of Iron Ore rather than doing the opposite.
"In its latest December quarter update, the Federal Government's official commodity forecaster, the Bureau of Resources and Energy Economics (BREE), has forecast an average iron ore price of $US63 per tonne for 2015." (source: ABC)
Our Government should take off its Bi-Polar spectacles and give the market support. At least when China downramps
Iron Ore it is calling its hip pocket !
What are we?
Moorookamick
Government intervention vs The Free market, page-2
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