Re Chinese investment:
If these investments are large, and funded, the demand for, and the price of, iron will rise. Time will tell—there’s a lot of conflicting information being written on what the Chinese situation is.
Also, these projects will have a lead-time from authorization to buildout of a couple of years.
I know the Chinese have invested several %billion in taconite mines in N. Mn over the past 10 years or so. Something of a miny boom up there.