Completely illogical - and don't say the SM is illogical, I know it is.
Whats illogical is mining companies ramping up to produce more IO at lower prices. This is a typical BS argument - those same companies KNOW what is going on (schazzam, Batman, they have their own analysts too and access to real markets and real data) and therefore will proceed with expansion only if that expansion makes business sense.
The larger concerns, such RIO and BHP will be fine and the current non-producers, well I suggest most are a couple of years off from producing anyway and by then the world would probably have changed again.
By the way, how do you stop a juggernaut like China, India and others in the Asia-Pacific and Africa? BTW, I know India have their own IO, I am referring to the rise of the "middle" class in India.
Better polish up the crystal ball, it may be a little cloudy.
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