Otmane El Rhazi : Iron-ore surplus will persist – consultancy

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Australian iron-ore miners’ intentions to increase their production, slow demand from India and China, and displaced high-cost miners will continue to contribute to the long-term global surplus of iron-ore, which has halved the price of the commodity over the past two years, says mining consultancy Core Consultants MD Lara Smith.