Tag Archives: BHP Billiton

Iron ore miners wonder who will crumble first

  Michael Sainsbury Iron ore prices are down almost 40% this year, and many miners hope it has hit bottom. But recent events show that their problems may only get worse. Some weaker players are already failing, and experts forecast years of over-supply caused by faltering growth in China, the commodity’s biggest market. Iron ore

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Iron ore price in free-fall as it breaches US$85 per tonne

Michael Sainsbury The benchmark price of iron ore appears to be in free-fall as it slumped another 1.6% to close the day at US$84.30 for 62%Fe product at China’s Tianjin port as it continued its slide towards five years lows last seen in October 2009 during the global financial crisis. At these prices about 25

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Global supply glut puts coal producers under pressure

Michael Sainsbury Nikkei Asian Review, asia.nikkei.com, 29 August 2014 It has been a tough year for commodities, particularly large-volume bulk commodities, but none face as much of a challenge as coal. Prices for both thermal coal and metallurgical coal for steelmaking have languished for the past two to three years amid a supply glut. Thermal

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Iron ore price horror: near five year lows

Michael Sainsbury The iron ore price fell below US$89 per tonne today, its lowest mark in almost five years, and it is set to fall even further with China’s housing market – which has underpinned the commodity for the past few years – showing no signs of recovery , despite some stimulus efforts by the

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Iron Ore price to tumble below US$90?

Michael Sainsbury The iron ore price hit its lowest mark so far this quarter today (August 13) falling to US$93.20 and appears to be moving down towards the psychological price of US$90 per tonne. For the past month it has averaged about US$95 and has been below US$100 since mid-May, breaching US$90 briefly on June

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