Iron ore's harder times

Miners' rising earnings mask a problem: costs are rising, demand is slowing and new mines have the world awash with iron ore.

PORTFOLIO POINT: New miners, rising costs and softening demand are making life tougher in the iron ore market.

If you think iron ore will be an easy way to make money in 2012 and beyond, think again, because there are three forces bearing down on an industry that has had an easy ride on an unsustainably high commodity price.

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