The big iron ore miners are ramping up supply to drive prices down to push out smaller miners. There is a slow down in China at the moment, base metals, iron ore, coal and gold/silver are down. Decreasing base metal and industrial metal prices are are a strong fundamental indicator for a slow down. China drives down prices because they are sick of paying top dollar for our commodities, hence why they take over our mines and just ship it back to their own country.
