Iron ore and steel. Strategic, volatile and primed for conflict
... based in China and Hong Kong use clever methods to dominate world iron ore and crude steel production and their logistics. To assume that Chinese executives do not discuss price and logistics issues with their Russian, Japanese and South Korean and Indian neighbors on an occasional back channel basis would be a mistake. The BRICS, a weak alliance fostered by “global governance”. The risks and rewards in iron ore and steel are in the hundreds of billions of dollars and do not include the trillions of dollars in revenues generated by industries that use their products to produce automobiles and trucks ...