Today I learned a lesson about options trading... : Vitards
Australia has a lot of Iron Ore. But Australia does not have the other thing that's needed to produce pellets. It's called WATER. The Pilbara is a DESERT. The west coast of australia is a DESERT. There is no water. Our iron ore plants sit by the Great Lakes, and thats the biggest reserve of fresh water in the world. That's a huge differentiation.