Iron Ore

Decay of the iron ore industry is too premature.  It costs even more to mine low quality Chinese deposits so there is a floor to its prize.  Already, the market is starting to murder FMG and AGO and slicing BHP and RIO.  The Chinese government would not dare risk rampant unemployment in China or it will be toppled.  It has a huge saving.  While everything appears rosy in China, the infrastructure still needs a lot of upgrade, replacement or installation.  I must be the only optimist left... but the market will drift even lower first :-(