r spot prices the future, 2009 & 2010, page-2

Col,

About that article do u understand like me:

1. 64 US $ could be a bottom threshold for IO markets,

2. it seems like We are coming close to a new balance for IO markets since under that price cheap Indian and chinese producer can't survive and above that price, buyers try to bargain hard w suppliers...

we could have settle at new levels - saying so those prices are still higher than 2.5 years ago!
Iron Ore still seem to have a bright future ' )

Even at 64 US $ UMC is competitive and a good investment.

Do u agree?