The Rising Influence of Rising Affluence

[DewDiligence]

Key paragraph in Barron’s write-up on CLF (from your post):

There have been concerns about growth in China and other emerging markets of late, but as long as China's hunger for steel stays relatively on track, miners like Cliffs will enjoy high prices, as stretched capacity around the world keeps supplies of iron ore tight.

Although CLF is a significant producer of metallurgical coal required for steelmaking, iron ore is the major determinant of CLF’s fortunes, and the prospects are bright, IMO, despite the symbolic lowering of China’s GDP growth target from 8% to 7.5% (#msg-73088662).

See #msg-71869156 (Bloomberg re buyout vig) and #msg-71437978 (prior article in Barron’s) for related stories.