games are nearly over...imo, page-16

The most interesting part of the article is the following:

" Macquarie Bank analyst Graeme Train said Chinese iron ore inventories are now close to being the lowest on record (when measured relative to import volumes), which should ensure prices remain high even as credit policies begin to bite"

This is outside the growing demand of IO from China and also India..

This is why China has such a huge interest in SDL as it seeks to get a foot hold in IO projects in an attempt to control how much it is paying for its IO supply.....