London Mining

• Iron Ore Producers' Outlook Remains Bleak

  By Peter Epstein - April 11, 2013 | Tickers: AMI, CLF, FMG, LOND, TCK

  As I’ve posted from time to time over the past few months, iron ore prices are under pressure. Morgan Stanley is the latest voice to say that iron ore prices are headed materially lower by the end of this year, calling for a price of $90 per metric tonne. That compares to current spot prices around $133 per tonne. Iron ore prices fell to about $87 per tonne in more »

• Iron Ore Market Reported to be in Trouble

  By Peter Epstein - April 7, 2013 | Tickers: AMI, BHP, CLF, VALE, FMG, LOND, RIO, TCK

  As I’ve posted from time to time over the past few months, iron ore prices are under pressure. Morgan Stanley is the latest voice to say that iron ore prices are headed materially lower by the end of this year, calling for a price of $90 per metric tonne. That compares to current spot prices around $133 per tonne. Iron ore prices fell to about $87 per tonne in more »

• Iron Ore Supply Growth Slowing, Great News For These 2

  By Peter Epstein - September 13, 2012 | Tickers: BHP, CLF, VALE, LOND, RIO

  Iron Ore Supply Growth to Slow, but by How Much, and How Soon? 

  TMF readers may have seen previous posts of mine about iron ore and coking coal. Recently, the Big 3 producers --  Vale, (NYSE: VALE), BHP, (NYSE: BHP) and Rio Tinto, (NYSE: RIO) -- have announced significant cutbacks in 2013 capital expenditure plans. This is from Bloomberg News on September 10th:

  Vale, the worst performer among major mining companies this more »