BHP expects iron-ore price to notch declines on new mine supply

September 5, 2016

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BHP Billiton, the world’s largest mining company, expects iron-ore prices to begin retreating as “well-telegraphed” new supply hits the market from Australia and Brazil.

“Some of that supply is late, but we have every confidence it will arrive,” Huw McKay, BHP’s vice president of market analysis and economics, said Friday in an interview in Singapore.

Category: General