new forecast, page-36

I think you do not understand why the price of production went up .

Back in 2007 .. it was 35 dollars a ton

It called a boom.

@ the end of 2007 China ann it was going to build it ghost city, hence cause the iron ore market to boom.

The person working @ the mine back then was paid X dollars
now found his wage increase to Y dollars.because they needed labour to make deal with labour problem.

the person holding the sign saying truck go right .. truck go left was getting paid 150,000 AUD.

Now china has stop building ghost city. because they have completed their plan.

Production will drop back to 2006-7 levels.Iron will drop and company will be forced to cut cost.

Simple 101 economic.

So it a very simple question ... why does the world need more iron ore ?
You have answer it your self .... because china needs it.
Well friend - china does not need it any more.

It finish it grand plan to build cities.

Why does the world need more iron ore ?
Australia and brazil can supply the world -