MBIO62 up again!, page-12

Part of an article written from the ABC

Iron ore rally continues
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Another big mover on the markets overnight was the price of iron ore.
Traders have been caught off guard by the Chinese Government's enthusiasm to super-charge the country's property market.
It has led to a shortage of steel and its main ingredient, iron ore.
Edward Meir, a senior commodities analyst with INTL FC Stone based in New York, said this big rally will last for some months to come. "Our take is that the Chinese property rally will last until the latter half of Q2 this year, so another four to six months."
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