With minerals in short supply, Australians can take a monopolistic position as regards the rate of return to them.
Commodity producers, unless they have fully cornered a market, can not pass on increased costs. Australian iron ore is identical to Brazilian ore.
IF Australia had a monopoly on any mineral, existing producers would have already maxed out the ability of customers to pay.
Your argument is internally flawed and contradicts reality.
- Forums
- ASX - General
- four corners
four corners, page-9
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)