The Conversation (0)
The Russians Are Getting Rich Selling Rumors To Iron-Ore Hungry China
Feb. 14, 2011 03:13PM PST
Base Metals Investing Business Insider author John Helmer wrote that China’s appetite for iron-ore to make steel is one of the engines driving the entire industrial world. The editorial states that: Remote though the answers may be to most analysts of the Asian iron-ore trade, the fact that they may be investigated soon by stock market regulators in […]
Business Insider author John Helmer wrote that China’s appetite for iron-ore to make steel is one of the engines driving the entire industrial world.
The editorial states that:
Remote though the answers may be to most analysts of the Asian iron-ore trade, the fact that they may be investigated soon by stock market regulators in Australia and Hong Kong signals how much speculative value there now is in the flow of iron-ore to China; and consequently how much short-term profit insiders may earn even (especially) on deals that fall through.