You wouldn’t know it from reading the mainstream financial news…but iron ore stocks could soar over the next 10 years.
Regardless of all the news you hear about developing economies slowing down, the fact is they are still expanding — and rapidly. That makes iron ore a great investment right now.
Why? The OECD predicts China will overtake the US as the world’s biggest economy as soon as 2015, and by 2030 account for about a quarter of world GDP.
Not only that, they also believe developing countries will soon control most of the world’s manufacturing — overtaking the US, UK, Europe and Australia within the next 15 years. But to do all this, they need vast amounts of raw materials. Especially iron ore which Australia produces about 480 million tonnes of each year.
The thing is, the wider market hasn’t realised this. They’re acting like the entire world is plunging into recession. But they’re wrong…
In the free daily financial email
Money Morning, we’ll show you why iron is headed for a comeback in 2014, and why now is the time to pick up some quality iron ore stocks.
- The four massive markets driving iron ore’s comeback in 2014: Developing economies will overtake developed nations like the US and Australia in building and manufacturing within 16 years. These are the economies to watch out for as they fuel a rebound in iron ore demand…
- Why China is still the most important factor for iron ore prices: Markets are worried that China’s economy is slowing down. It’s not. It’s just shifting to a ‘consumer-driven’ economy. The Chinese will build more roads, railways and bridges. We’ll explain why that’s so important…
- The surprising source of 300 million tonnes of annual steel demand: This often ignored country is expected to need roughly half a billion tonnes of ore over the next 11 years. That’s more than the combined output of RIO and FMG…
