Iron Ore Price, page-1662

The question we should be asking is why the spot price rose 2 days in a row (at all) ?

The Chinese are pulling out all stops to crash the IOP.

Joe did meet with Rio executives to talk about the weather last couple of weeks while the nation's budget is in tatters. With IO price staying low, it will cascade the budget blackhole further and further into the abyss.

This is not opec and non-opec where 25 countries are fighting to the death for market shares.

This is a case of 2 Anglo mining companies (listed on the ASX) bleeding 1 country experienceing serious structural fiscal crisis to death; empyting Australia's wallet to give to China; a country with the largest foreign exchnage reserves in the world.

It can't be sustained.