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Australia has been riding the iron ore boom for 10 prosperous years - now supply has finally caught up with demand

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Australia has been riding the iron ore boom for 10 prosperous years - now supply has finally caught up with demand. With iron ore prices falling from around US$160/tonne at the start of the year to about US$115/tonne now, we expect to see prices under US$100/tonne before long. This is the new world of iron ore - weak prices and excess supply. That's not a big deal for BHP and Rio, as their costs are so low they can easily handle such prices. However, mid-tier producers like Fortescue and Atlas Iron don't have the scale to compete.  (VIEW LINK)


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