SP for many major Iron Ore producers were recently massively down as we all know from the boom times.
I believe RIO SP will steadily increase in 2013. I can support my thoughts with the below information:
- Global Iron ore prices have steadied and have increased significantly from last couple month lows.
- Competitors in india have continued blockage from a court imposed restriction.
- Rio produce iron ore at a much cheaper rate than most other producers (Cost is less)
- Rio have continued with their expansion projects while most other competitors have shelved their expansion work
- Rio are planned to increase their production rates to 283Mtpa by mid to end 2013 and this is progressing as planned.
- Rio also have another expansion work which will take their production targets to 353Mtpa by end of 2015.
Markus
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