Australian Iron Ore Ship Loading Facility

Australian Iron Ore Ship Loading Facility

Sergio Dionisio/Bloomberg

Bulk carriers are loaded with iron ore at the ship loading facility at Fortescue Metals Group Ltd.'s Herb Elliott Port in Port Hedland in the Pilbara region, Western Australia. Iron ore entered a bear market in March as the world’s biggest mining companies expanded output from low-cost mines in Australia, betting that rising exports to China would more than offset lower prices.