Construction upswing builds our mining boom

Strong construction levels in China, emerging markets, Europe and the US are good news for Australia.

In my April article The fine line in iron’s decline, I outlined the reasons why I wasn’t a fan of all the pessimism on China, iron ore prices and our resource stocks more generally.

At its worst, many analysts were talking iron ore prices of around $USUS80 to $USUS100 now, although for their part the large miners were thinking something more around $US130.

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