I thought Simandou supply was going to be much more. Good summary of it all in your post....
---------------------------------------------------------------------------------------------Production is expected to ramp up after 30 months to an annualised capacity of 60 million tonnes.
So, how does that look against global output for iron ore supply?
In 2023, Australia, the world’s largest supplier, accounted for around 960 million tonnes.
Brazil came in second place with 440 million tonnes, China with 280 million tonnes, and India at 270 million tonnes.
So, how much will Simandou alter this supply balance?
Rio Tinto and other development partners are expected to generate annual output of around 90 million tonnes by 2028.
Now, compare that figure to the 2023 global production of 2,500 million tonnes.
By my calculations, Simandou will contribute around 3.6% of global supply once it reaches full production.
It’s significant but hardly warrants the headline-grabbing ‘Pilbara Killer’ label!
- Forums
- ASX - By Stock
- BHP
- BHP - Price Chart
BHP - Price Chart, page-100
-
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
LU7
The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B |
Open | High | Low | Value | Volume |
$43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 508 | $43.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$43.90 | 5100 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 508 | 43.890 |
2 | 43696 | 43.850 |
1 | 1740 | 43.840 |
2 | 38223 | 43.830 |
1 | 600 | 43.820 |
Price($) | Vol. | No. |
---|---|---|
43.900 | 5100 | 2 |
43.930 | 129 | 1 |
43.950 | 24000 | 1 |
43.970 | 800 | 1 |
43.990 | 1200 | 1 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online