Iron Ore Seen Sinking Back Below $50 as Top Port Sets RecordBy
Exports from Australia’s Port Hedland climb to all-time high
Expansion means prices may fall through 2016, Clarksons says
Iron ore shipments from the world’s biggest bulk-export terminal in Australia surged to a record in June, buttressing a flurry of predictions that prices are headed back below $50 a metric ton into the year-end as stockpiles at Chinese ports expand further.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- These Guys Want to Lend You Money Against Your Bitcoin
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses