This just mentioned in Rio's latest announcment, and our increase of 49% and still we can't get any forward momentum I just cant work this stock out,
"Rio Tinto Iron Ore chief executive Sam Walsh said “We continue to see positive prospects for medium- to long-term iron ore demand driven by ongoing growth in Chinese consumption. We continue to forecast that annual Chinese steel production will grow from its current level of around 700 million tonnes to around one billion tonnes a year out towards 2030. This demand growth is coupled with an increasingly challenged supply response, as several high-profile competitor projects have recently been either delayed or postponed."
SDL Price at posting:
35.0¢ Sentiment: None Disclosure: Held
