GREY:PGDIF - Post by User
Post by
ekimon Mar 11, 2015 4:38pm
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Post# 23511141
Bad news on the supply front.....
Bad news on the supply front....."According to Morgan Stanley, an investment bank, the global surplus will surge to 437 million tonnes in 2018 from 184 million tonnes this year. That's an astonishing number considering the seaborne trade is likely to hit 1.4 billion tonnes this year (and with a slowing China responsible for over two-thirds of the total)." --
Link
Oh wait....that's iron ore.
I bet Anglo is loving Diamonds now...but with pressure on iron ore...they will still want maximum margin on their diamond part.
and BHP left Diamonds because it statistically insignificant compared to their iron ore business? Wonder how insignificant it is now.
LONG...PGD
EKIM