Rio Tinto's Simandou project to increase high-grade iron ore supply, effect on prices unclear: sources

Rio Tinto’s Simandou flagship 65% Fe project in Guinea — one of the largest untapped high-grade iron ore deposits in the world — would increase global iron ore supply, but market participants were mixed about its effect on prices, Fastmarkets heard on Thursday December 7.

A Hunan-based steelmaker told Fastmarkets that despite the increase in high-grade iron ore supply, prices would be supported by higher demand. “China is expected to have greater demand for high-grade iron...

Published

Shu Yi Zheng

December 08, 2023

15:40 GMT

Singapore