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Iron ore: it's all about supply

“It will never last,” read several headlines earlier this year. They weren’t referring to Rupert Murdoch and Jerry Hall’s nuptials, but the iron ore price rally that had caught everyone by surprise in the first four months of the year.

Daniel Gleeson
The cost to mine and ship a tonne of ore is going up across the board

The cost to mine and ship a tonne of ore is going up across the board

At the end of 2015, you would struggle to find an analyst predicting a run up to the US$70 per tonne level, but increased Chinese demand, catalysed by state-backed investment, caught market forecasters...

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