MB IRON ORE: Australia weather woes support short-term iron ore prices

Spot 62% Fe prices are expected to find support in the next two months from weather-disrupted shipments from Australia, delegates were told at the 21st International Iron Ore Symposium in Vienna, Austria, on Tuesday June 2.

Spot iron ore prices have fallen by more than 50% since the beginning of last year as major miners in both Australia and Brazil have continued to ramp up production in the face of slowing demand in the main consumer market, China. Yet, at the moment,...


Nina Nasman

June 02, 2015

15:21 GMT