Australia warns of volatile iron ore prices as China curbs ease
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
IRON ore is in for a bumpy ride in 2018, according to the world's largest exporter, which warns that the commodity may be whipsawed as investors and users navigate the cross-currents thrown up by China's efforts to manage steel production and rising global mine production.
While prices will average US$52.60 a tonne over the full year, they may be higher in the first half as China relaxes curbs on steel output, aiding demand, before easing in the second, Australia's Department of Industry, Innovation and Science said in a quarterly report on Monday. Last year, benchmark spot prices averaged US$71.36 after trading between almost US$95 and just above US$50.
Share with us your feedback on BT's products and services
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
