date:20/02/2023
location:Sydney Masonic Centre, Australia
Meet the industry leaders who shape the Future of Mining in Australia
date:27/03/2023
location:8 Northumberland Avenue, London
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date:18/09/2023
location:Pan Pacific Perth
Meet the industry leaders who shape the Future of Mining in Australia
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New mines such as the giant Simandou project in Guinea are not the biggest threat to the future profits of iron ore miners. There is a greater risk in scrapyards which are emerging as the fastest growing source of raw material for China’s steel industry.
“China’s rising scrap use is a significant threat to the seaborne iron ore market,” said investment bank Morgan Stanley
Potentially, scrap could displace 155 million tonnes of iron ore from the Chinese market by 2030 which, with a natural decline in steel demand after a period of rapid expansion, could see an iron ore
Iron ore guidance dropped to 310 -320 million t. Copper guidance now stands at 270-385 million t.
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