Investors are preparing for a new era of slumping profits and hefty dividend cuts by the world’s largest miners as iron ore markets brace for a flood of supply to trigger a collapse in prices.
India plans to introduce its own iron ore price index to determine royalty rates, simplifying the current complex system.
(Bloomberg) -- The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles.
Iron ore futures prices on China's Dalian Commodity Exchange have shown an upward trend, indicating a potential recovery in the market. China's economic conditions, including infrastructure ...