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.
Mineweb.com reports that after seeing 5-year highs last week, Iron Ore prices have fallen. This can be attributed to Chinese buying pulling back. The story is quoted as saying: “There are fewer purchases because prices have moved up too fast in just a few days, so buyers are taking a break,” said an iron ore [...]
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