08.12.2014 - Are the big iron ore miners ‘doing a China’?
For many years China dominated the markets in many strategic metals and minerals through over-producing, driving down prices and putting Western producers out of business. One only has to look at a listing of such metals and minerals where China is still the dominant global supplier to see how this has worked out. However, more recently, China has been finding itself somewhat stretched in maintaining output for many of these and has been restricting supplies to global markets, perhaps to stimulate price rises and bring its increasingly uneconomic, and often seriously polluting, mines on to a more profitable basis, although officially it is to preserve supplies for domestic industry...............................................Full Article: Source
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