Friday, 18 Nov 2011
BC Iron expects ongoing volatility in the iron ore price, but said that the market will remain healthy.
The spot iron ore price has softened in the past few months, but recently began tracking upwards, BC Iron chairman Tony Kiernan noted at the company's annual general meeting yesterday
Iron ore prices climbed to USD 139 a tonne earlier this week, after hitting a low of USD 115.85 in late October.
Record highs near USD 200 a tonne were reached earlier this year.
He said that "We will get the ups and downs of iron ore pricing in the next three to four years, but in general terms, we would expect a healthy market for the sale of our product.”
(sourced from Herald.com)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment