This afternoon we will pass through Tom Price, a little town
known for its iron ore mining, before reaching our camp overlooking the magnificent Hamersley Range.
Not exact matches
Early this week I was with an Australian government representative in Beijing whom I have
known for many years and he told me that
iron ore prices were currently around $ 83 (I think they dropped another $ 2 last week), and that while some people in Canberra were reluctant to say it too loudly, he and others were increasingly in agreement with my lower forecast of less than $ 50 well before the end of the decade, in part because supply has come off much more slowly than predicted, but mainly because they now recognize that China's rebalancing was indeed going to be a far bigger deal
for Chinese demand than sell - side research had predicted.
As soon as an analyst understood that debt was growing at an unsustainable pace, I told the conference guests, he should
know that Chinese demand
for iron ore was also unsustainable.
You
know, this trade discussion around how it works out with China is a bigger deal than people give credit to because they are literally 50 % of the demand in the world
for commodities:
iron ore, nickel, aluminum, zinc.
Until now
no - one has seriously considered FMG as a candidate
for merger and acquisition activity, except as a target
for a bigger company such as Brazil's
iron ore giant, Vale, or a big Chinese steel mill.
A half - mile down in an old
iron ore mine in Minnesota, incredibly sensitive detectors have been waiting
for a particle of dark matter, an invisible substance that may form the skeleton of galaxies, to make itself
known.
Represented the claimant in an arbitration arising out of an LME contract
for the sale of
iron ore (FOB Mumbai), being the only
known case in which commercial arbitrators were required by the English High Court to accept jurisdiction over defamation claims.