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Megafauna

11,120 Posts.

108

15/11/14

09:25

Post #: 14294717
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Originally posted by david25 ↑

In my opinion china is going to target inflation by reducing infrastructure spending which consumes 60% of iron ore.

Jan 1995 to Feb 2005 the iron ore price was $25 ton.
Feb 2005 to Feb 2007 the iron ore price was $45 ton.

The point being China didn't boom till after the G.F.C. and world conditions are not as good as 2007. There is nothing to support iron ore prices above $50 ton.

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Maybe it is the reason why Gina will be selling powdered milk to the Chinese?
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