Iron ore price, page-25492

Respect where its due, most people slag a stock once they become non holders looking for a lower buy in. You made your gains here and on APT but left some on the table for the next person. As long as we are all making profits that's all that matters. Aus makes up around 60% of China's IO requirements. Say what you want about them but their is no way they are going to put a tariff on Australian IO that is going to harm them more than us. Vale just announced their IO shipping figures which are well down from previous estimates. There is no one that could supply China with the amount of IO and the quality we can if they tried to cut us out of the picture. Supply would be curtailed and the IO price could even more than double from today's current price.

Barley, meat, wine and copper ore can be sourced from elsewhere easily but we are the only country to be able to supply them with enough IO to keep their steel manufacturing that their economy needs to keep ticking over at the level they require.

GLTAH