iron ore tipped to rise up to 40%

Hope Kerry Stokes has been buying UMC shares !

http://www.businessspectator.com.au/bs.nsf/Article/Iron-ore-tipped-to-rise-up-to-40-pd20100119-ZTJTD?OpenDocument&src=hp4&rf=s

China's resurgent economy is expected to help boost iron ore prices by up to 40 per cent this year, as investors await production reports from BHP Billiton Ltd and Fortescue Metals Group Ltd.

Iron ore spot prices have recovered substantially from the abrupt fall during the global financial crisis, and Rio Tinto Ltd's production fourth quarter report, which included 47.2 million tonnes of iron ore, showed the miner is well placed to take advantage of the rebound........