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iron ore to remain above $150pt in medium term

  1. 29101971
    5,699 Posts.
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    08/07/11
    09:28
    Post #: 8646134
    Courtesy of squidd over at SDL thread:

    Vale expects IO prices to remain above $150p/t for at least the next 5 years due to booming Asian demand.

    http://www.businessspectator.com.au/bs.nsf/Article/Vale-sees-iron-ore-above-150T-next-5-years-FT-JJ4TH?OpenDocument&src=hp17

    EIO Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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