Not under estimating the Chinese in any way. Yes the Chinese want to fund,build and run every thing. That shows how desperate they are to get in to these projects. Others are desperate as well to secure future supply of iron ore. VALE have come out of Brazil and are looking to acquire projects in Africa.
ArcelorMittal are trying to acquire more iron ore to secure their iron ore supply for the future.Other steel mills doing the same.
Lots of desperate companies.
RIO and POSCO could be in trouble with their projects in India,as India have started to stop the export of iron ore.China being the main importer of Indian Iron ore.
Enough fact's for you unhedged.
Regards Westcott.
SDL Price at posting:
47.0¢ Sentiment: None Disclosure: Held
