RIO DE JANEIRO, BRAZIL - Good news for global inflation and bad news for mining company shareholders. The outlook for iron ore over the next 12 months is for greater supply and, therefore, further price declines.
Since June, when it reached 220 dollars a ton, the commodity's price has lost strength, returning to the level of a year ago. On Friday the 17th, the iron ore price fell 4.91% in the Port of Qingdao, to 101.95 dollars a ton.
China's growth is vital to ore pricing. However, the outlook, which is not very encouraging for producers, can . . .