RCI interview CEO says he expects Io to Bottom at 50.00 ..as Demand for IO from china is ....at RECORD LEVELS Year on Year and still Rising ..!!
HE SAYS ..its the Over supply from Australia... that's killing IO prices ..its NOT a demand drop off problem .. but an OVERSUPPLY problem created by RIO BHP ..
He expects Miners to announce a pull back on production soon .
http://www.bloomberg.com/live/asia
Iron Ore Price, page-465
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