Iron Ore Q4 2012 – March 2013

Iron Ore Q4 2012 – March 2013

With an almost doubling experienced in the quarter, accurate short term prediction of iron ore pricing is more art than science. Many financial institutions and mining companies are making decisions on projects with 10 year development time and 30 year life with this price volatility front of mind.

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The continuing urbanization of the world’s population is driving the consumption of steel, with demand expected to double by 2050. At this level of demand current known reserves will be exhausted by 2050.

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