Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (72093)	1/18/2010 3:00:30 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Now India wants to hog resources, with iron ore... Indian export tax hits iron ore ft.com The introduction of the export duty also highlights how iron ore, a commodity that in the past almost never attracted attention as prices were stable and supplies were considered abundant, is slowly becoming a sensitive geopolitical issue. Jim Lennon, a commodities analyst at Macquarie in London, said India wanted to discourage iron ore exports and protect supplies for its own steel industry with the tax. Some analysts believe that the steel-intensive urbanisation of emerging countries means that iron ore is now more integral to the global economy than any other commodity, with the exception of crude oil. China is the world’s largest importer of iron ore and Beijing is very sensitive to the cost of the mineral. India supplies about a fifth of Beijing’s overseas purchases.