Alonso,
Agree, we were on the edge on Friday. Still not far back from it, but looks like the Euros are getting their house in order.
My feeling is that we will recover, and that we are now in the Chinese world order. That the Chinese will be taking global responsibility for global commodity price inflation. They may see their role now as both facilitating supply side response, and further as moderating their own growth profile to avoid overheating global prices.
Therefore high cost small scale iron ore miners don't interest me, but those with the infrastructure to deliver at low/moderate costs must win, esp if not the trio that have been holding China to ransom.
EL
just saw twiggy onboard the a330 over cott, page-8
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