No market has been left untouched by the coronavirus crisis. The bulk commodities market also has seen prices plunging and demand declining, but iron ore prices have bucked this trend and have remained steady. Australian iron ore companies such as BHP have had a good run in the last one year duet to disruptions in supplies from Brazil and tropical storms, which have driven up demand and the prices too.
The iron ore benchmark only dipped to a three-month low compared to aluminum and copper prices, which have dropped to a 5-year low. The iron ore benchmark has been hovering around $80 per tonne. Experts say that only 8 percent of iron supply has been hit by the pandemic, whereas other minerals have seen a 25 to 50 percent hit.
この記事は Industry Leaders の June 2020 版に掲載されています。
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この記事は Industry Leaders の June 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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