Articles Tagged "fortescue metals group"

Iron Ore Price Boosted as Stocks at Chinese Ports Drop

Iron – The iron ore price received a boost on Tuesday when it hit its highest level in more than a week, breaching $61 per tonne. While that's a far cry from the metal's April 2014 price of $115, it's up marginally from last month, when 62 percent Fe fines fell to $46.70. Read on for insight on the metal's future from Scotiabank's Patricia Mohr.

Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

Iron – The slumping iron ore price has hit those involved in the space hard in the last year, with many companies reducing production and halting new construction. Now the Australian government has gone into defense mode with its Federal Budget 2015 report, which includes a conservative 12-month iron ore price estimate of $48 per tonne.

Big Iron Ore Producers Debate Supply-Demand Balance

Iron – Industry giants' battle over the iron ore supply-demand balance continued this week. The most recent development came when Rio Tinto CEO Sam Walsh described the idea of boosting prices via a production cap "hare brained."