By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share prices have reflected these concerns. Yet the heads of the BHP, Vale, and Rio Tinto remain confident.
Bloomberg reported returns for capesize ships that haul iron ore and coal advanced for a second session, with increased demand from Japan.
By Melissa Pistilli – Exclusive to Iron Investing News The China Iron & Steel Association‘s monthly report for July shows that domestic steel demand is wilting in the scorching summer heat, heavy rainfall in the South and the recently-concluded Olympic Games. Increasing amounts of steel inventory has weakened iron ore demand causing the price of iron [...]
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