Hi klob25
To help you understand ""Why does the world need more iron ore ?", I have listed a few answers for you, these are just a few examples why the world need more, in fact, a lot more iron ore in the future:
http://www.bloomberg.com/news/2015-...te-1-trillion-in-projects-to-spur-growth.html
- China is rolling out her $1 trillion in projects to spur growth.
- India to import nearly 15 million tonnes of iron ore in 2015 as high local prices prompt steel makers to look overseas.
http://bhiwadineemrana.com/pms-new-year-gift-to-gujrat-100-new-smart-cities/
- India will build 100 smart cities and has already started working on this plan.
http://au.ibtimes.com/articles/5780...ilway-between-moscow-beijing.htm#.VLdpGlHHQy0
- China to build a high speed railway between Russia & Beijing
5. Urbanisation will continue all over the world, not just China for many many years and iron ore is still irreplaceable.
Cheers.
Pikapika