19.10.2011 - Iron ore demand heating up
As hot as the blast furnaces required to produce steel, China’s ever-expanding economy continues to fuel a seemingly insatiable demand for one of the building blocks of the modern world: iron ore. As a result, iron ore has once again been catapulted into the spotlight with prices surging to robust levels. With China representing approximately 63% of the market, and India’s needs nipping at China’s heels, iron ore supplies can’t keep up with demand. Especially since these emerging superpowers have limited domestic supplies of iron..............................................Full Article: Source
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