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The long-awaited cutback in Chinese iron ore production may be starting as an unnamed official...

The long-awaited cutback in Chinese iron ore production may be starting as an unnamed official at Minmetals Luzhong says his company is digging up less and other miners have halted altogether. What the market may really need are the gorillas - VALE, RIO, BHP - to not just slow expansion plans, but to slash production.
Comments (5)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    What do the gorillas need?

     

    Fewer banana eaters, maybe.
    11 Sep 2012, 03:06 PM Reply Like
  • JMBrazil
    , contributor
    Comments (23) | Send Message
     
    Gorilas dont eat bananas, chimpanzees do. Hope you understand more of commodities market than of biology...
    11 Sep 2012, 10:13 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    Obviously they eat them when no one is looking.

     

    
    12 Sep 2012, 12:33 PM Reply Like
  • Mitko Dekov
    , contributor
    Comment (1) | Send Message
     
    The only way I see the Big 3 slashing production is if they form a sort of cartel (could be unofficial), which of course may turn out to be illegal... We haven't seen this happen in the iron ore market, so why should be expect it to happen in the future?
    11 Sep 2012, 05:52 PM Reply Like
  • JMBrazil
    , contributor
    Comments (23) | Send Message
     
    The cutback will obviously affect the supply demand current balance and, unles you do not believe in this basic economic law, it will affect trade terms.
    11 Sep 2012, 10:18 PM Reply Like
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