Currently viewing Global edition

Iron ore approaches its moment of truth

Time was when iron ore was just another commodity.

Iron ore approaches its moment of truth Iron ore approaches its moment of truth Iron ore approaches its moment of truth Iron ore approaches its moment of truth Iron ore approaches its moment of truth

The iron ore industry has not got a strong track record of producer discipline

But in recent years, profits from iron ore have come to dominate the earnings of the majors and to drive their share prices.
 
It has also come to shape their investment policies.