Iron Ore - General Commentary

[TimeISmoney]

Africa and China != Africa and western countries
At present, you will not see an African government taking a Chinese mining company management group hostage the time to ramp up a new tax.
This mine will work, IMHO the only issue is potential western interest sabotages in the context of a China cold war we are heading in.

The African govts love the Chinese but we all know how it ends up with Chinese investment, the donor country ends up in more than just debt to China because they can't pay the money back. The govt corruption is the thing that's hard to get rid of in Africa and this is the cause of all the rising coups against current govts. It's a very politically unstable country and the other threat to mining is the rebel groups.

 

[mullokintyre]

More blows for Iron Ore??
From AFR

Westpac has warned that iron ore prices could collapse 30 per cent this year to about $US70 a tonne when Rio Tinto floods the market with fresh supply, deflating hopes of a sustained rebound for Australia’s key export.

The spot price of iron ore rallied nearly 7 per cent last week to $US104.15 a tonne after robust Chinese trade data bolstered hopes that Beijing’s stimulus measures were lifting steel demand.

Mick

 

[TimeISmoney]

More blows for Iron Ore??
From AFR

View attachment 191648

Mick

Westpac can't even predict future interest rates let alone commodity prices.