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Big Iron Ore Producers Debate Supply-Demand Balance

Industry giants' battle over the iron ore supply-demand balance continued this week. The most recent development came when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained."

How Long Will the Global Iron Ore Surplus Last?

It's no secret that the iron ore market has been facing tough times, with low-cost suppliers flooding the market and the slowing Chinese economy creating a surplus. On Monday, the World Bank told Bloomberg that the surplus could last up to two years.