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Platts reported BHP Billiton’s (NYSE:BHP) CEO, Marius Kloppers said the record high iron ore prices of the past ten years will not be repeated.
Platts reported BHP Billiton’s (NYSE:BHP) CEO, Marius Kloppers said the record high iron ore prices of the past ten years will not be repeated.
As quoted in the market news:
There had been a shortage of low-cost supply of iron ore and metallurgical coal over the past decade, which had contributed to unsustainably high commodity prices, but this supply shortage is now close to being filled, he said.