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Verfasst von maximumprofit am 15. Juni 2008Global iron ore...

  1. eaglesrock
    813 Posts.
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    16/06/08
    10:59
    Post #: 3861971
    Verfasst von maximumprofit am 15. Juni 2008

    Global iron ore shortage may continue up to 2012

    Merrill Lynch indicated that the iron ore price will keep rising and that the shortage of supply will continue to 2012. Merrill Lynch said that because of China’s strong demand, the contract price is expected to rise by 20% in 2009. The estimation is higher than market expectation by 5% to 40%. It said that increasing energy, labor, and facilities costs and exchange fluctuations will become the main problems which producers will focus upon.
    TTY Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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