South Africa

Details

  • Industry: Mining
  • Type: Publication series
  • Date: 2013/02/01

Quarterly Commodity Insights Bulletin: Iron Ore (Q2 2012) 

This Quarterly Commodity Insights Bulletin looks at how iron ore has performed during the second quarter of 2012.
Iron Ore
Download Now
PDF files require Adobe Reader to view

Spot price of iron ore (62 percent Fe content) in China oscillated between US$130/t and US$145/t during the second quarter of 2012, to average US$139.51/t. The price declined by 2 percent over the first quarter average of US$141.80/t. During the second quarter, the price had reached a low of US$131.30/t due to the slow growth in China, which accounts for consumption of more than 60 percent of the global iron ore exports. However, at this price, some high-cost iron ore miners in China incurred losses; a curtailed supply from such miners, along with the government’s focus on economic pro-growth policies, supported the prices.

 

Also in this report:

 

  • Supply and demand review
  • Ownership changes
  • Regulatory updates
  • International project updates

 

Download the full report

 

Share this

Share this

Contact

Contact
Head of Markets
Energy and Natural Resources
Tel: +27 (0)11 647 7065
carel.smit@kpmg.co.za