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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (24368)2/25/2005 11:04:03 AM
From: RealMuLan  Read Replies (1) of 116555
 
Mike, don't hold your breath. They can increase all the price they want (maybe not, since China now is still under negotiation with them), it is up to China whether to buy all those crap or not<g>.

And personally, I think those big 3 iron ore producers will get backfired on that dramatic increase.

My bet is that they will show some mercy for China and increase the price anywhere 30-50% at most.
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