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I think it was only in 2001 or 2002 that iron ore reached a...

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ozexplorer

14,963 Posts.

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06/11/14

20:59

Post #: 14248572
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Originally posted by ozexplorer ↑

If things did go to that extreme and I am not saying they will. ( Watch them go into super tightarse savings mode real quick. ) Plus what others would be left producing at that price without government intervention of some sort ie china brazil....

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I think it was only in 2001 or 2002 that iron ore reached a price of $5 us a tonne and Rio and Bhp had big celebration parties for the event.

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