Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The iron-ore market will remain oversupplied in 2015 and iron-ore will sell in the low $70/t price range this year, which has begun even worse than 2014, Wood Mackenzie principal metals and mining consultant Roger Emslie told the Mining Indaba on Monday. Emslie, who sketched how iron-ore had last month hit its lowest level since May 2009, outlined how the metal had slumped to $62/t by the end of January, resulting in a $67/t monthly average.
The iron-ore market will remain oversupplied in 2015 and iron-ore will sell in the low $70/t price range this year, which has begun even worse than 2014, Wood Mackenzie principal metals and mining consultant Roger Emslie told the Mining Indaba on Monday. Emslie, who sketched how iron-ore had last month hit its lowest level since May 2009, outlined how the metal had slumped to $62/t by the end of January, resulting in a $67/t monthly average.
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