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cerhob

18,561 Posts.

23/09/14

21:29

Post #: 14017693
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Originally posted by moorookamick ↑

For the first time since 2009 Iron Ore has dropped below
$80/ton. (Source Bloomberg)
It will be interesting to see if the Chinese try to mop-up
some of our small producers while they are struggling
to remain cash-flow positive.
mm

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As I understand it BHP RIO and Vale are increasing production with the aim of driving out the marginal Chinese producers.
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