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Azworkinit,
Currently BHP and RIO are negotiating price for the Iron Ore to China.
China got little alternative .....But not for long.Obviously China building up forces with FMG and other ores in W A. Smaller iron ores backing FMG over the use of the rail.
FMG helping out cause collectively they be a better force.
The supply of all these companies would one day exceed the demand .
China would name the price then.
Not saying next year or one after,ONE DAY.
BHP and RIO dominance will fade quickly.
FMG ,on other hand is looking at securing long term business with china.
I put my money on the nose ,FMG to win long distance race.