Not exact matches
It's not just oil... iron
ore, aluminum and steel are all getting slammed, as the
decline in commodity
prices takes a toll on companies and the global markets.
Cele notes that, «the demand from China for iron -
ore continues to grow, but at a
declining pace, further exacerbating
pricing pressure,» meaning that Vale's considerable investment in nickel, coal, fertilisers and copper will only partially mitigate the impact of the increase in iron -
ore mining capacity globally on the company.
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.
• Iron
ore prices have partially recovered after a period of rapid
decline but Rio Tinto expects them to remain volatile in the near future.
Since iron
ore has been about 90 % of the companies profits over the last decade, the
decline in commodity
prices over the last year have significantly hurt the companies earnings.
Since 2008, ClearCircle's been hit by a reduction in waste volumes, volatile &
declining benchmark metal
prices (even iron
ore pricing is relevant, as a raw material input for steel), and a
decline in margins as market competition's intensified.