Sentences with phrase «ore price fell»
Andrew Forrest's worst nightmare is that he will one day relive his painful experience with pioneering low - grade nickel ore processor Anaconda Nickel; so surely he must have suffered an «Anaconda moment» when the iron ore price fell below $ US50 a tonne overnight.
https://www.businessnews.com.au/ Not exact matches
BHP Billiton also said Tuesday that its annual profit fell nearly 30 per cent on lower prices for copper, coal and iron ore.
Iron ore miner BC Iron has fallen into the red with a net loss of $ 158.5 million for the financial year, on the back of impairments and falling commodity prices, and has declared no dividend payout.
The value of Australian iron ore exports is expected to fall next year as strong growth in production volumes is offset by a slump in prices to a forecast $ US52.10 per tonne in 2016.
Mount Gibson Iron will look to its Extension Hill project for an answer to its $ 870 million first - half loss, which was the result of price falls and interruptions to work at its Koolan Island iron ore mine in the Pilbara.
Atlas Iron has launched an extensive review of its operations, finances and possible asset sale opportunities in response to steep falls in the iron ore price.
As smaller iron ore miners scramble to cut costs to deal with falling prices, another hurdle looms — customers» preference for quality.
As an aside, it seems generally to be the case that the longer an adjustment is constrained, the more likely that the adjustment takes place in the form of what traders call «gapping» — which is a big, discontinuous change instead of a smooth adjustment — so when the change finally took place, the fall in demand (and iron ore prices) would almost certainly occur very quickly, in a matter of two or three years, perhaps.
The major reason for this is the strong profitability of the industry — the price of both the ingredients (iron ore, coal, freight, fluxes etc.) and the finished steel has decreased, but the costs of producing a ton of steel fell more, so the profit margins have actually improved.
In fact as I started writing more about the outlook for hard commodity prices over the next year, I adjusted my outlook downwards and proposed that iron ore prices would fall below $ 50 a ton before the end of the decade.
Coking coal and iron ore prices, which are mostly fixed in US dollars, fell in SDR terms as the US dollar depreciated late last year.
Other things equal, subsequent declines in spot prices for iron ore and coking coal would, if sustained, see the terms of trade fall further over the next few quarters.
To some extent, the falling prices of commodities such as iron ore and copper appeared related to attempts by Chinese authorities to rein in credit expansion, principally through stricter regulation of the financial sector and a tightening of liquidity in money markets used by banks and companies for funding.
The outlook is less clear for railroad companies exposed to commodities such as coal and iron ore, as falling prices raise questions over haulage volumes.
Iron ore prices may be falling but Australian producers managed to significantly increase their share of the world's biggest market last year, accounting for 59 per cent of China's overseas purchases.
Following the high of 2011, with gold prices in excess of US$ 1900 / oz, copper prices in excess of US$ 10,000 / tonne and iron ore prices in excess of US$ 190 / tonne, metal prices crashed and with those prices fell some of the junior mining companies that depended on them.