Iron ore price, page-31867

It's not just China v Australia, it's also China v the World. We all know that China is the leading economic super power at the moment but they don't seem to know that and play their trade games with many nations, not just us. The problem is that smaller nations and poorer nations are reluctant to invest in mine development, and likewise for smaller companies in Australia as well. China's tactics has removed competition to the established miners and reduced the appetite for investment. The result is less supply of a lot of commodities which means higher prices for longer. Which means FMG keeps getting more for their IO and they are increasing their supply. Supply increases have been recently from Eliwana coming on line and soon with Iron Bridge. On top of that Andrew Forrest has great respect for, and a direct line to Xi Jinping. I cannot see AF and FMG ever losing favour with China that's why I keep accumulating and enjoying those wonderful dividends. What are we looking at in August? Perhaps $2.50 fully franked