Javier Blas: Iron ore prices drop to two-year low as supply grows

Javier Blas: Iron ore prices drop to two-year low as supply grows
Iron ore prices plunge on weak demand

Javier Blas, energy and commodities columnist, journalist, author at Bloomberg, reports that iron ore prices have fallen to a two-year low of about $90 per metric ton.

He highlights that with Chinese demand growth leveling off and increased low-cost production from West Africa and Australia, pressure on the market is set to continue.

Earlier this year, Blas reported on the departure of Nick O’Kane from Mercuria after a short two-year stint. He also covered Glencore’s $10.1 billion in underlying earnings and a $1.5 billion shareholder payout. These recent developments highlight ongoing activity among major players in the commodities sector.

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