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DewDiligence

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DewDiligence

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Re: go seek post# 5656

Monday, 09/03/2012 5:18:00 PM

Monday, September 03, 2012 5:18:00 PM

Post# of 30553

What % of CLF iron ore sales are on long term contract and not tied to the spot price?

CLF sells 0% of its iron ore at the spot price per se; however, CLF’s contract prices with major customers are based on formulas that include some weighting for the seaborne spot price.

What impact will China stimulus have on iron ore prices?

A new round of stimulus spending that exceeds built-in expectations will make the spot price go up and vice-versa.

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

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