CHINA IS URGING BOYCOTT OF AUSTRALIA'S, AND BRAZIL 'S IRON ORE

A Chinese industrial group has urged domestic steel companies to stop buying iron ore from the world's top three miners in protest of an alleged price monopoly, state media said Monday.

The China Iron and Steel Association has asked domestic steel firms and traders not to import iron ore from Australia's Rio Tinto and BHP Billiton and Brazil's Vale for two months, the China Net, a government news website said.

China has 75 million tons of iron ore reserves and production of the resource by Chinese mines was up by 18 percent year-on-year during the first two months of 2010, the report said.

INTEL CHIEF SEES INTERNATIONAL CONFLICT INCREASE IN NEXT TWO DECADES

U S Director of National Intelligence, Mike McConnell told an intelligence conference those words in Nashville, Tennessee. Rivalries are most likely to revolve around trade, demographics, access to natural resources,investments and technological innovation .

By 2025 if current trends persist, China will become world's largest economy. A major military power and will likely the world's largest importer of natural resources . India and Russia will be close behind with more wealth and power.