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Iron ore supply cuts by the majors just won t work says goldman.

Authors :
Ng, Jasmine
Spinetto, Juan Pablo
Source :
Bloomberg.com; 5/27/2015, pN.PAG-N.PAG, 1p
Publication Year :
2015

Abstract

The world's biggest iron ore miners are right to press on with expansions into an oversupplied market as reining in supply growth would hurt efficiency and be hard to coordinate, according to Goldman Sachs Group Inc. The biggest miners should slow their expansions as the signal there will be ever-increasing amounts of ore available even at lower prices is wrong, Barnett told Bloomberg in April. [Extracted from the article]

Subjects

Subjects :
IRON ores

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
140516145