Business
Past and future collide in iron ore mania – The Australian Financial Review
Speculators are pushing iron ore prices to silly levels. But beneath this, surging demand and Australia’s stubbornly static supply are driving the market.
Would China really shoot itself in the foot by penalising Australian iron ore imports in some way?
It seems unlikely given how strong demand is and the fragile nature of the global recovery. But Chinese mills may well be buying on the rumour in a week when China indefinitely suspended a key economic dialogue with Australia.
But inside our big miners, facts are the focus. And their internal experts are pointing to more prosaic reasons for the price jump: supply constraints and particularly a co-ordinated…
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