BOS - There's No Shortage Of Iron Ore - There's A Shortage Of It At The Right Cost

Original Post

By Stuart Burns

Two features of Chinese political and industrial policy have been consistent over the years: the willingness to plan long term and deep pockets to finance those plans.

A major state-owned steelmaker and mining company, Sinosteel, has epitomized this in western Australia.

The steelmaker has bought into the region's lower-grade iron ore resources back in the last decade, in what was seen at the time as a potential rival to the country's largest iron ore producing region further north at Pilbara.

A collapse in iron ore prices largely brought a

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