Posted February 21, 2018 15:35:49 | Updated February 22, 2018 10:26:12. Fortescue Metals sees its interim net profit slump by almost half because less demand from China for its lower-quality iron ore, while Santos has been hit by the write-down of its Gladstone LNG project.
This paper was originally delivered as a keynote presentation as part of the Iron Ore 2015 conference, held in Perth from 13-15 July. Abstract. World demand for iron ore is far from peaking, and the substantial price decline that has captivated commentators since early 2014 is not the result of widespread misreading by producers of the ...
Jul 22, 2013 · The obvious economic impact on the rest of the world will fall on the producers of industrial commodities such as iron ore. The extravagant expectations for Chinese growth will not be met, and therefore expectations for commodity prices won't be met.
Production cuts in the December quarter already began to place pressure on prices and that is forecast to continue. "The combination of the slowing down in the Chinese demand for steel and the supply of iron ore from Australia and Brazil is going to push the iron ore price down," Mr Cully said.