Insight

When the costs are more than mines can bear, iron ore closures ahead

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Report summary

With October 2014 prices falling to five-year lows, the current 62% Fe fines CFR spot price of US$80/tonne is below what we estimate to be the cash break-even price for many producers. Many of the non-traditional marginal suppliers of iron ore to China that emerged in response to high prices have already started retreating and we expect there will be more to come. 

What's included

This report contains

  • Document

    When the costs are more than mines can bear, iron ore closures ahead

    PDF 302.75 KB

Table of contents

  • Executive summary
  • Prices
  • Mine closures

Tables and charts

This report includes 5 images and tables including:

Tables

  • Iron ore price forecast 62% Fe fines (US$/dmt)
  • When the costs are more than mines can bear, iron ore closures ahead: Table 2

Images

  • Global percentage of iron ore exports by key country and companies
  • When the costs are more than mines can bear, iron ore closures ahead: Image 2
  • Adjusted margin curve at US$80/tonne CFR spot price

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