Australia's largest stock trading and investment forum Australia's #1 stock forum

Truly,where is the oversupply of Iron Ore., page-3

First 3 Last

Share
Profile

Follow
ferronium

1,306 Posts.

05/06/15

14:47

Post #: 15421152
Share

Originally posted by ferronium ↑

Yes, supply matches demand ... but there is an over-availability!

The situation is made worse by the Chinese supply strategy. A while back they stated that at least 50% of their requirement will be sourced domestically and at least 50% of imports will be from Chinese owned or controlled foreign mines. Given the recent tie-up with Vale falling into the 'controlled foreign mine' category, that at best leaves BHPB, Rio, FMG Atas with 25% or less of Chinese ore requirements to fight over. The Chinese are quite happy about that as this now very low cost ore offsets the high cost of their domestic ore. Clearly one of the benefits of a centrally controlled economy.

Expand

... also add Gina's Roy Hill to the competitor list for the 25% share.
Upvote

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 5 more messages in this thread...

First 3 Last