International iron ore market will experience hardships in November with lower prices
2013-10-25 17:47:22 【Print】
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1. The problem of supply exceeding demand intenses
1.1 The production of Australian three iron ore mines increased in the third quarter
Rio Tinto plans to increase its production volume to 53 million tons in the third quarter this year, up by 3%. Till now, the first stage of expansion project of increasing Pilbara yearly iron ore production capacity to 0.29 billion tons has been started, and the company is likely to to announce its yearly production capacity to 0.36 billion tons this December.
1.1 The production of Australian three iron ore mines increased in the third quarter
Rio Tinto plans to increase its production volume to 53 million tons in the third quarter this year, up by 3%. Till now, the first stage of expansion project of increasing Pilbara yearly iron ore production capacity to 0.29 billion tons has been started, and the company is likely to to announce its yearly production capacity to 0.36 billion tons this December.
