Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The recent free fall in the iron-ore price to its lowest level in six years has struck a deathblow to a number of Australian juniors operating in the sector, while the majors have been forced to cut back costs. Commodity analyst Wood Mackenzie (WoodMac) blamed the lagging commodity price on a decline in demand from the Chinese steel mills during 2014, which unfortunately, coincided with a massive upsurge in global iron production.
The recent free fall in the iron-ore price to its lowest level in six years has struck a deathblow to a number of Australian juniors operating in the sector, while the majors have been forced to cut back costs. Commodity analyst Wood Mackenzie (WoodMac) blamed the lagging commodity price on a decline in demand from the Chinese steel mills during 2014, which unfortunately, coincided with a massive upsurge in global iron production.
No comments:
Post a Comment