FYI - Probably best to do some research in world iron ore markets before pumping in cash into companies that are exposed to this market eh???
:)
Supply of higher grade iron ore from India has been tight since the southern state of Karnataka banned iron ore exports from late July in a crackdown on illegal mining. Shipments from Karnataka comprise around a quarter of exports from the country, the world's third-largest supplier.
As INDIA is the world's 3rd largest iron ore supplier!
BTW there are 800m starving CHinese needing homes and infrastructure too dont forget! This is where we will make all our money in Australia!
