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BHP Says it Will Take Ten Years for Iron to Come Back Into Balance
Jun. 21, 2016 08:51AM PST
Base Metals Investing BHP (NYSE:BHP) CEO Andrew Mackenzie has said that it will take another ten years for the iron ore market to come back into balance, Mining Weekly reported. As quoted in the publication: “There are some commodities, like oil and copper, where there is a natural decline because pressure drops off, grade drops off,” Mackenzie said …
BHP (NYSE:BHP) CEO Andrew Mackenzie has said that it will take another ten years for the iron ore market to come back into balance, Mining Weekly reported.
As quoted in the publication:
“There are some commodities, like oil and copper, where there is a natural decline because pressure drops off, grade drops off,” Mackenzie said in New York after making an address. “One of the markets that will take longest to come back into balance is the iron-ore market.”