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Australia and Iron Ore

Musings from Sydney

Iron Ore is again moving significantly higher and along with it the standard battle cry’s from various media outlets on how this will save the Government surplus pledge and that this time it is different although not 2 weeks ago the same outlets were letting us the mining boom is over!

Here is what i don’t understand about the recent price moves in Iron Ore and subsequently the share price of the producers:

1) China has made it very clear that they are looking for a consumer spending led economy as we move forward which to me would mean less on Infrastructure spending than we have seen to date or at best the same amount being spent and, forecast growth would be at 7.2% in line with this year but, the key is that Inflation is being targeted to a lower level which will have an impact on the amount…

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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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