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Juniors will have to slash price to export low-grade ore: Walsh
Speaking at The Australian & Deutsche Bank Business Leaders Forum in Perth yesterday, the head of the world’s biggest iron ore miner said a strong commitment in China to tackling the country’s pollution problems, coupled with years of rising supply, meant lower-grade material out of Australia would find it more and more difficult to find buyers in China. Iron ore heavyweights Rio Tinto and BHP mine a greater proportion of high-grade material compared with rivals such as Fortescue Metals and Atlas Iron.
http://www.theaustralian.com.au/business/in-depth/juniors-will-have -to-slash-price-to-export-lowgrade-ore-walsh/story-fnivd8cj- 1226999271092?nk=167a69e5e48794099d22a23414aa7ab5#
Platts spot price 62% Fe Down $1.10 now $94.30/dmt US Platts...
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