another resaon to buy and hold

As per today's The Age online


"Credit Suisse added to the confidence with its tip that iron-ore prices could rise 25 per cent next year while "extremely tight" coal markets could also boost earnings expectations.

"It is only June and the iron-ore market is already showing clear signs of tightness," Credit Suisse said.

It said delays or shortfalls in exports by some of the new projects would aggravate the deficit in supply. To cover it, high-cost Chinese iron-ore production might have to be increased."