Carl
Surran, SA News Editor
- Atlas Iron (OTCPK:AGODY, OTC:ATLGF) says it will shutter
all its mines and stop exports to Asia, a victim of iron ore
prices that have dropped 60% during the past 12 months to a 10-year low of
US$46.70.
- Atlas says while it had reduced its breakeven point to
below $US60/metric ton, "the global supply-demand imbalance for iron
ore has driven prices down to the point where it is no longer viable for
Atlas to continue production."
- Analysts say iron ore prices could fall further in coming months as mining giants such as BHP and RIO continue to increase production; Stan Shamu, an analyst at broker IG, said he expects the market downturn to claim "more victims."
Quelle: bigcharts.com
Quote:
Talfahrt geht weiter: Eisenerz fällt unter die Marke von 60 USD pro Tonne
Und noch ist kein Ende der brisanten Talfahrt des wichtigen Industrierohstoffs in Sicht..
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