It was always going to happen everything has stages of exasperation in their lifecycles - seriously all the excitement over the last 8 years on Chinas growth is exactly that would you really expect anyone caught up in that story to say anything less than a 20 year+ supercycle ?
Look at reality RIO & BHP have been mining ore in the Pilbara for almost 50 years along a relatively flat unnoticed path, wages where decent but not exactly out of the ordinary - 10 years ago you probably wouldn't of even heard of the Pilbara unless you where looking at travelling the outback.
Everything returns to it's mean.
- Forums
- Commodities
- iron ore-key indexes fall
It was always going to happen everything has stages of...
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