Tuesday, March 4, 2008
"Investors looking to strike while the iron-ore market is hot have a host of new companies to consider. But be forewarned: Developing a profitable new iron-ore mine is a tough task, and many of the companies trying to do so probably won't survive. ... Many of the deposits are relatively low-grade. ... In some cases, companies are pursuing projects that never would have been seriously considered when iron-ore prices were lower. ... Major steel producers in China and elsewhere are eager to encourage new competititors to offset the growing market clout of BHP, Rio Tinto and Vale", WSJ, 20 February 2008.
Dollar prices of all commodities are rising and will keep rising as long as Helicopter Ben runs his printing press.