Brazil's iron ore industry misery, a boom for Australian big miners

Wednesday, May 29th 2019 - 10:03 UTC

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Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger. Read full article

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Brasileiro
The first good news in weeks. Only Brazil has the iron. Australia has fame! So let them spend their fame first!
May 29th, 2019 - 04:27 pm - Link - Report abuse 0
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:o))
As long as Brazil doesn't admit that in spite of a so-called Gigantic Economy; The Truth of the matter is that they really ARE doomed to suffer + remain poor!

The politicians keep fooling around + the masses [ignorant + brainwashed] remain destined to suffer forever!
May 30th, 2019 - 04:18 pm - Link - Report abuse 0
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