Wamby so ture
"China, the world's top iron ore consumer and buyer, imported 740 million tonnes of the raw material in 2012, up 8.4 percent year on year, data from the General Administration of Customs show." Printed 26th of June 2013
Again I repeat the same line growth is down NOT volumes. Even if growth in China drops to 4% how much IO will they need next year? Simple answer is it will be more than 740M tonnes.
shanghai composite hesteria, page-3
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