Iron ore price, page-13

Thanks for the post Flip61.

I imagine he is only speaking for petroleum and potash. Some time back the olipoly in potash was dismantled I but the competition that most feared would follow never ensued:

http://www.mining.com/belarus-poised-to-surprise-paralyzed-potash-market-once-again-41816/

So BHP potash is still keen for the cartel to persist so it can get its Jansen project in Canada up and running profitably at good potash prices..

Wish they would do the same for iron ore. I think Jimmy Wilson's only remit is to cut costs to equal or below Rio Tinto's not to protect prices or profits. Somebody has to blink to arrest this slide in the FE price. Otherwise forget the days of $120 a tonne for iron ore, we will struggle to even get it up above $90.