Home News Xinhai News Could iron ore prices stage an early comeback?

Could iron ore prices stage an early comeback?

2012-09-08 5:43:39   XinHai    Views (917)
Warm Tip: If you want to know more information, like quotation, products, solutions, etc., please Click here, and contact us online.
ore prices

Analysts predict a recovery in the price of iron ore this month following a dive in spot prices below key lower thresholds which has left the shares of major Australian miners languishing in the doldrums.

Mining Australia reports JPMorgan released an investor note last week asserting that iron ore prices would gain in September on recovering Chinese demand and diminishing inventories.

Ore prices have plunged over 50% in roughly the past year, from just above $180 in August to beneath $90 last month. This stands in marked contrast to the metal’s tenfold price gain over the past 10 years on the back of surging demand from China’s resurgent economy.

Key industry figures are putting on a brave face despite these declines, with Fortescue Metals chief Nevill Power saying last week that he expects iron ore prices to return to the $120 per tonne level the benchmark for profitable production in China.

PRE Posts

Yantai Xinhai - Manufacture & Innovation

Despite the fast development of mining machinery industry in China, the overall level of Chinese mining machinery industry is still behind foreign countries for more than 10 to 15 years. ... [more]

NEX Posts

Magnetic Separator with Xinhai Innovative and Low-cost Technology

Xinhai have developed and improved 80% of mining equipment such as magnetic separator ... [more]

Mineral Processing EPC
News Center
Related Pruducts

CONTACT US

  • No. 188, Xinhai Street, Fushan high-tech industrial development district, Yantai, Shandong, China
  • marketing@ytxinhai.com
  • 0086 15311826765
You can also choose online
consulting service
Online
Consultation
contact
  • * NAME :
  • * EMAIL :
  • PHONE :
  • Location :
  • * CAPACITY :
  • * MESSAGE :
Leave Message
  • *
  • *
  • *
  • *
  • *
contact
Leave Message
contact
  • *
  • *
  • *
  • *
  • *