iron ore

There is a price plunge in iron ore. Mostly this is due to a decrease in demand because of our poor economy. Expect conditions to worsen in coming years. We already gave you a warning. China is the worlds number one consumer. Yeah, and not just of iron ore. All commodities are getting hit now. Sadly, it points to a double dip depression or a recession. It is doubtful that factories that are idle now will ever reopen.