Was doing some idle googling and came across an article in the Australian. In it Kerr Neilson of Platinum talks about mistakes made when you "follow the crowd". As an example of such investor mistake he says there's overinvestment right now in iron ore production.
Kerr Neilson is no dummy, anyone invested in iron ore right now is out of their mind IMHO.
The big 3 are each looking to raise production up to 450mt per annum - guess what, the seaborne market size isn't even that big. To say there's no much room for new entrants would be an understatement.
game over for iron ore
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