FMG 1.20% $21.41 fortescue ltd

geeza - whatever - ignore.on another note, here is a bullish IO...

  1. 1,082 Posts.
    geeza - whatever - ignore.

    on another note, here is a bullish IO take from the BBC:

    http://www.bbc.co.uk/news/business-22061149

    8 April 2013 Last updated at 02:30 GMT Help China's demand for iron ore is playing a major role in keeping the market in the commodity buoyant.

    Used in the production of steel, China imported 19 million tonnes of iron ore from Australia in March, a 22% increase on February's figure.

    But can this strong price environment be sustained over the long-term? Jay Hambro, chairman at IRC, says yes, and not just because demand is high.
 
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