Don’t believe the iron ore conspiracy theory

Are the big iron ore guys really conspiring to put the small producers out of business? The short answer is ‘no’, and here’s why.

It’s curious how people prefer to choose a conspiracy theory over obvious logic, with Rio Tinto’s Sam Walsh having to again deny that the big iron ore miners are co-ordinating their expansions to drive out competitors and regain control of the iron ore market.

As Walsh said in an interview with the Wall Street Journal at the weekend, that’s “absolute nonsense”.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles