The Rising Influence of Rising Affluence

[DewDiligence]

VALE and CLF (the two mining companies I own) are confident that iron-ore prices will remain high for several years. Here are some background posts on the subject (in reverse chronological order):

#msg-65731503 VALE sees strong 2H11
#msg-64938685 Iron ore will stay above $150/tonne, says VALE
#msg-62877378 VALE’s expectations for demand from China
#msg-60626379 Producers in the driver’s seat on pricing
#msg-60141751 CLF predicts multiyear iron boom
#msg-48543418 Quarterly pricing is a fait accompli

Regards, Dew