Billiton considering 30% price hike

[dimitrius]

Billiton and the other iron ore giants are considering a 30% increase in prices. And it looks like they're expected to keep rising until at least 2010. http://www.iht.com/articles/2007/09/27/bloomberg/bxiron.php The Baltic Dry Index is also shooting up. Currently sitting at $9561. Billiton has it made for the next 3 years at least. BHP will continue in a bull trend for the longer term.