The Rising Influence of Rising Affluence

[biotech_researcher]

Iron ore demand- That is not what the Barron's article indicated. CS and GS indicated that everyone had modeled too high of a price for iron ore, and RIO is just not going to stop producing it.

Also, you have to consider that the vehicle with the largest sales volume in the USA, the Ford F150, will be shedding 700+ pounds of steel from each vehicle starting this year, which will also impact the demand side of the equation as they switch to aluminum. Audi and VW have made the switch over the last few years. With the new CAFE standards, the whole auto industry will have to switch, IMO.

Aluminum is the new gold..