FMG 2.02% $25.70 fortescue ltd

RIO and BHP won't gear up more to dump iron ore now because they...

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    RIO and BHP won't gear up more to dump iron ore now because they know that that same ore left in the ground will be more valuable to them later.

    Roy Hill will add to supply because it has to. But the amount Roy Hill will add will just knock out high-cost supply (from China and the minor miners) and won't affect RIO, BHP, Vale or FMG directly.

    FMG's so called low grade ore is sold at a slight discount in acknowledgement of its lower grade. Its a known input to steel production produced to specification.

    China in real trouble as you put it still has a GDP over 6 percent.
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