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DewDiligence

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DewDiligence

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Re: dewophile post# 5378

Sunday, 07/15/2012 12:46:55 PM

Sunday, July 15, 2012 12:46:55 PM

Post# of 30493
More on the long-lived tailwind for iron ore (from BHP’s CEO):

http://blogs.wsj.com/dealjournalaustralia/2012/07/11/bhp-eyes-its-australian-options

BHP Chief Executive, Marius Kloppers told a U.S. mining conference in May that there was a window of opportunity for existing producers of iron ore to invest in production to meet the expected continued rise in Chinese steel demand through 2025, after which demand is expected to peak and the industry will have greater supplies of scrap steel.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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