If amu dpibts remained over the shape of the dry bulk market next year - and there can be few - the scale of investment currently being made by the iron ore mining industry comes as a resounding vote of confidence. The miners will be no keener on very high freight rates than anyone else, but even these costs will be tolerated at the party because of the huge opportunity for another great leap in sales to the fiesta host, China. As detailed in Commodities (page 56), even the US is invited.
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