The Iron Ore Output of FMG was 34.9 million tons in Q3, up 91% M-O-M

  • Wednesday, October 23, 2013
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  • Keywords:Iron Ore
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Until June 30th, 2014, the annual export goal was still 127-133 million tons. According to the news, the production cost had risen toUSD33.17/mt from USD 36.01/mt. the reason were stripping ratio declining, operation rate improving, rental fee declining and Australian dollar devaluation against USD.
 
Besides, Chinese demand drove the price of iron ore to rise. The FMG average price rose to USD121/ dmt (CFR) from USD113 dmt (CFR).
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