Jojo,
Well put.
Eventually we will have an oversupply situation in Iron ore as every low grade deposit is worked to take part in the Bonanza.
This is however a way off and I can see strong demand and high prices at least through to end 2012. The growth story is not just about China or BRICS as we have Indonesia,Vietnam that still have a long way to go and together have a huge population (Indoensia on its own is the 3rd most populated country in the world and its infrastructure is currently in a dire state).
BR
Max
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