But seven years later, they still can't seem to bid farewell to all those fond memories of the good ol' days... How else do you explain, for example, the majors maintaining & even increasing production in the face of a (self - reinforcing)
iron ore price collapse.
Huge increases in supply and large debt loads that needed to be serviced saw
iron ore prices collapse as the supply and demand curve proved non-linear.
Not exact matches
High - end residential property
prices in Perth have weakened considerably since the
iron ore construction boom ended and oil
prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced by positive changes.
Even though Cliff's business has changed dramatically over the past few years, the market still has this stock
priced like it's still that highly indebted
iron ore producer on the verge of
collapse.
Iron ore prices have
collapsed.
This means, to return to
iron, if you understood China as a growth «system», with its own logic, its liquidity channels, its institutional distortions, its balance sheets that embedded pro-cyclical or counter-cyclical tendencies, etc. you would have known that once the process started, rebalancing was going to cause
iron ore prices (and
prices of other hard commodities) to
collapse, and I stressed, as I often do, that I did not think the word «
collapse» was overly dramatic.
This is mainly due to two unforeseen events: the drop in
iron ore prices and the sudden
collapse of the oil
price.
The
collapse in global
iron ore prices isn't chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.