The only weapon that helps to put the Iron ore price up, is to nuke the mines of BHP and RIO and Vale to a lesser extend.
But since that is illegal you can only pray for a miracle for now.
And while the Chinese gov is subsidising their high costs iron ore miners, our state governments could at least force the big 3 to curtail production for the good of nation.
As the States keep saying that the iron ore belongs to the Australian people and tax payers....
I smell a rat here and its not pleasant.
jojo
AGO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held