Iron ore price, page-7453

Let China experience some pain- it’s about time- this will be good for Fmg and their products. Communistic China are notorious for destroying industries for their own gain by their underhanded tactics. This has gone on for years across all industries. I remember reading an article a long time ago that said Microsoft’s biggest threat was China. India, South Korea and Eastern Europe should be the focus on finding new customers. I think USA is tied up with Vale, BHP and Rio. Shipping costs would probably outstrip the benefits of a Us market if prices were very marginal, however FMG are looking at South America, if some major discoveries occur, then geographically they are in the right location to expand their market in South America and North America. Fmg are a lot more tactical and schrewed than what the naysayers give the credit for. When a naysayer developes a multi billion dollar company- then they can talk, until then, they really have nothing to hang their hat on.