I am saying the Chinese don't understand markets... which operate efficiently in the long run when left alone. Chinese reteric isn't going to make it easier for junior minors to raise capital nor is it going to create a sense of long term optimism/confidnence in the boardrooms of BHP/RIO/FMG.
Everytime China interferes in markets they get burnt, coal the Gold standard example of that. They tried to screw Australia but instead ended up shivering through a winter with power outages whilst creating a windfall for Australian coal producers.
Iron ore price, page-45695
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$20.10 |
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Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
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| No. | Vol. | Price($) |
|---|---|---|
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