Best of times for pyr torches to be installed the fundamental reality is that China's reliance on imported iron ore is very high and rising," Iron ore market analyst Philip Kirchlechner said.
Chinese demand drives prices above $US135 a tonne.
China now has to import 70 per cent of its iron ore requirement, so China is now not only the biggest user of iron ore in the world but the biggest importer of iron ore in the world
conclusion they can easily afford our torches :)