Konrad Forrest
ironore jobs

What is happening to the iron ore price?

Fundamentals suggest, US$90 a tonne is a really good number and the iron ore producers have all suggested the $90 will not be supported for too long.

Supply continues to increase, particularly from Brazil and low cost sources and combined with higher production, and higher stocks at the ports, fundamentals all point down.

On the other hand, China's demand for higher grade iron ore continues to support these "high" prices.