More Iron-Ore Supply Than Demand

Mining Weekly reported Iron-ore prices will probably soften further in the short-term, says Kumba Iron Ore (JSE:KIO) CEO Chris Griffith.

As quoted in the market news:

Griffith tells Mining Weekly Online in a video interview that there is currently more iron-ore supply than demand.

The spot price of iron-ore in China soared to an all-time record high of $180/t in September, but fell sharply in early November to $116/t before recovering in two weeks to $147/t and then falling again to the current $140/t.

Click here to read the full Mining Weekly report.