A short exerpt from a longer article. Dow Jones Newswires Tuesday 27/4/2010 By Prasenjit Bhattacharya Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--Spot iron ore price may cross $200 a metric ton over the next few months, as demand from Chinese steel mills remain buoyant at a time when major additions to iron ore supplies are still a few years away, senior executive of an Australian mining company said late Monday. "Iron ore prices are rising on the back of some very real demand, mainly from China. At present, the landed cost of spot iron ore there is $180/ton and I think that may well cross $200/ton in the near term," John Parker, managing director of mid-sized Australian mining firm, Lincoln Minerals Ltd (LML.AU) told Dow Jones Newswires on the sidelines of a South Australian mining roadshow
LML Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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