Iron ore market in balance: Power

FORTESCUE Metals Group CEO Nev Power says the expectation of oversupply by the majors is driving down the iron ore price and is a “disaster” for Australia.

Iron ore market in balance: Power Iron ore market in balance: Power Iron ore market in balance: Power Iron ore market in balance: Power Iron ore market in balance: Power

Power told journalists this morning that the physical iron ore market was in balance or perhaps even slightly in deficit, as China’s stockpiles fall.

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