1 big question mark which could work in our favor
Post# of 8054
Posted On: 10/07/2013 11:04:43 AM
1 big question mark which could work in our favor is China's domestic ore supply and iron ore %-since they produce roughly 1/2 their own ore.
agmetalminer said 12-13-10 that the % of iron in china's ore was only 20%
last article we posted on the subject china's ore was down to 15% w tv doc saying some mines as low as 4%
so if China is running out of ore that would greatly help to support ore prices -but this subject has been largely neglected
also chinas low ore % increases china's internal ore costs which supports a floor on prices-same 12-13-10 article ,and other articles
agmetalminer said 12-13-10 that the % of iron in china's ore was only 20%
last article we posted on the subject china's ore was down to 15% w tv doc saying some mines as low as 4%
so if China is running out of ore that would greatly help to support ore prices -but this subject has been largely neglected
also chinas low ore % increases china's internal ore costs which supports a floor on prices-same 12-13-10 article ,and other articles
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