Two Crashes Don’t Spell Disaster in Australia’s Iron Ore Country
- Prices unswayed by second derailment after BHP runaway train
- Ports and rail risks are a concern for China, Japan: analyst
Photographer: Nelsopn Ching/Bloomberg
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Australia’s $44 billion iron ore sector has suffered two rare train derailments in less than a week, scattering wagons into twisted wrecks in the rust-red earth of Western Australia.
Even so, it’s little cause for wider alarm for the world’s top exporter of the steel-making ingredient, with the two cases in the vast state striking about 1,000 miles apart and in very different circumstances.