The Conversation (0)
Mining Weekly reported that Roger Wemslie, principal metals and mining consultant at Wood Mackenzie, has indicated that iron ore will sell in the $70-per-tonne price range this year.
Mining Weekly reported that Roger Wemslie, principal metals and mining consultant at Wood Mackenzie, has indicated that iron ore will sell in the $70-per-tonne price range this year.
As quoted in the market news:
Emslie, who sketched how iron-ore had last month hit its lowest level since May 2009, outlined how the metal had slumped to $62/t by the end of January, resulting in a $67/t monthly average.
He said that if the price remained in the $60/t range, more asset write-downs were a near certainty and more midtier mine closures likely.