Due to high demand from China and a number of interruptions in supplies of the key steelmaking component has risen in the past year by 30 percent and cost an average of $ 90 per ton. This year iron ore rose in price from-for problems with the production mines Vale and after the start of the monsoon season in Australia.
the Latest increase is due to a decision by the U.S. Treasury to refuse to designate China as a currency manipulator. This raised the yuan adesivi imported iron ore cargoes for Chinese companies.
For major producers such as Rio Tinto are able to mine iron ore only 15 dollars per ton, this means a great additional profit and sustainable dividends for investors. On data the Financial Times, the company may pay dividends of not less than $ 4 billion.
However, most analysts expect that prices will decline over the 2020, as supplies increase and production in China remained largely unchanged at around 1 billion tonnes.
According to BMO Capital Markets, the increased demand will probably disappear after the new year holidays in China. Experts believe that the replenishment is completed, as indicated by the slowdown in the main iron ore port in Hebei, a leading steel province of China.
