Added capacity to hurt iron ore prices in 2d half: Vale
Apr 26, 2013 | 08:52 AM
| Ana Paula Camargo
SÃO PAULO The commissioning of additional iron ore production capacity is expected to put pressure on iron ore prices in the second half of 2013, José Carlos Martins, executive director for iron ore and strategy at Brazilian miner Vale SA, said April 25.
"About 30 (million) to 40 million tonnes (of additional iron ore capacity, mainly in Australia) are expected to come on-stream in the second half (of the year), pressuring prices until demand absorbs this excess," he said during an earnings conference call with analysts. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.