India will match Chinese growth, page-14

I suspect the SP will pull back after these latest positive figures
out of China. {No more stimulus at least that is what the
market will probably think}
CN NBS Manufacturing PMI DEC 50.1
CN Non Manufacturing PMI DEC 54.1


All we need is a small drop in the futures market and FMG will fall
with the rest of the miners.

However we have every reason to think that the stimulus the PBOC has already
announced will work its way into the system and that combined with restocking
before the Chinese New Year may produce a significant bounce.





As far as India is concerned I agree, I don't see anything great happening
even with the new right wing popular government.
I have had business dealings with the Chinese and with Indians and there is no
comparison. Chinese are hungry for business and have good work ethic when
it is required.
IMO India is an absolute nightmare to deal with!
Their politics is just too far to the left and has been so for far too long!

If they were serious about doing business they would open up all their own
Iron Ore mines that they have shut down over politics!


Metal Miner Dec 12, 2014

"India used to be the third-largest supplier of iron ore to the world, but, because of the export duty and the mining ban, it has turned into an importer."


"Due to legal reasons, more than 40 mines in the provinces of Odisha and Jharkhand belonging to Steel Authority of India Ltd. (SAIL), Tata Steel, Odisha Mining Corporation, Essel Mining and others have all been shut down."