Why iron ore could be left behind in China’s boom


Source: afr.com afr.com

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“I’ve covered this area for over 25 years and this is probably the most excited we’ve been about our coverage, at least in terms of a cyclical strong rally, since 2009,” he told this column during his recent visit to Australia. “I think it’s probably the case that this bull market can last at least the first half of this year, and maybe for the whole year, like it did in 2009.” His base case is for the Hang Seng to hit 24,500 by year-end, suggesting growth of 18 per cent from here; Garner says this is only predicated on...