• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    iron investing

    Iron Ore Falls on Projected Surplus

    Teresa Matich
    Aug. 26, 2014 10:29AM PST
    Base Metals Investing

    Bloomberg reported today that Iron Ore prices fell today on continued expectations for a surplus for the global seaborne market.

    Bloomberg reported today that Iron Ore prices fell today on continued expectations for a surplus for the global seaborne market. Analysts are also saying that the base metal could drift lower, according to Bloomberg.

    As quoted in the publication:

    The commodity may retreat to $80 a metric ton this year, according to Helen Lau, an analyst at UOB Kay Hian Ltd. in Hong Kong, who’s tracked the market for seven years. Ore with 62 percent content at Qingdao, China, fell 1.2 percent to $89.02 a ton today, according to Metal Bulletin Ltd.’s website. That’s the lowest since September 2012, when it bottomed at $88.08. A price below $88.08 would be the lowest since October 2009.

    Global seaborne output will exceed demand by 72 million tons this year and 175 million tons in 2015, Goldman Sachs Group Inc. estimates. China’s economy, which accounts for about 67 percent of seaborne demand, will probably grow this year at the weakest pace since 1990, according to a Bloomberg survey.

    Click here to read the full Bloomberg article.

    chinairon investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Iron Investing

    Iron Ore Prices Rebound on Optimistic Demand Outlook

    Spot Iron Ore Falls To Lowest Level In 2 1/2 Years

    Latest News

    Trading Halt

    Joint Investor Presentation

    IsoEnergy to Acquire Toro Energy

    IsoEnergy to Acquire Toro Energy, Strengthening a Top-Tier Uranium Portfolio in a Rising Market

    VVC - Purchase of Ithaca 1-17 Well and 5 Mile Pipeline

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Cyclone Metals

    CLE:AU

    M3 Metals Corp.

    MT:CA

    Rockex Mining Corporation

    RXM:CNX

    Oceanic Iron Ore Corp.

    FEO:CA

    Ares Strategic Mining Inc.

    ARS:CNX

    Labrador Iron Ore Royalty Corporation

    LIF:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES