The 1st phase, the massive increase in the price of commodities...

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    The 1st phase, the massive increase in the price of commodities is over. That were the Howard Costello years.

    You couldn't possibly be more incorrect if you tried JonnoH.

    Iron ore went from US $32/tonne in mid 2007 to $187 in early 2011.

    Aust Thermal Coal increased from US $60/tonne to $192 over same period.
 
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