Iron ore market seen facing extreme volatility
Perth
IRON ore markets are heading for a very bumpy ride in the next couple of years, marked by significant price swings amid the restructuring of the steel industry in China, according to the developer of a planned US$3.7 billion mine in Australia.
"Extreme volatility is going to be a hallmark of the market for at least a year or two " said Andrew Stocks, managing director of Iron Road Ltd, whose partner in the mine, port and rail project is China Railway Group Ltd…
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