There has been a lot of discussion on if the iron ore prices are going to hold long term. One analyst had said a signal of that would be for producers to increase production.
Today's announcement indicated AGO is expanding.
Another article online was speculating that RIO is increasing production because they are moving ahead with the completion of their driverless train system. This project would deliver an extra 10 million tones of export.
Now this is only a small sample and might not necessarily indicate a sign of iron ore price stability. These could have been part of the long term plans regardless of ore prices
Have you guys heard anything else that might paint a bigger picture?
AGO Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
