This article is interesting as I believe it has direct relevance to crude oil. The major global iron ore companies don't want other companies to gain a foothold and become competitors a bit further down the track.
Likewise I don't think Saudi Arabia wants oil reserves in e.g. Africa to be developed and compete for sales in a few years time. Saudi Arabia would also be aware that demand for oil will diminish over the next 15 years.
Iron ore meltdown raises questions
The Australian - 2 days ago
Iron ore meltdown raises questions about mining companies ..... West African iron ore output alone is forecast to more than halve to 17 million tons following the bankruptcy of two Sierra Leone ...
This article is interesting as I believe it has direct relevance...
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