Will Australia's Iron Ore Market Benefit from Brazil's Dam Disaster?--an Industrial Info Market Brief Hero Image

Metals & Minerals

Will Australia's Iron Ore Market Benefit from Brazil's Dam Disaster?--an Industrial Info Market Brief

The global iron ore market has been thrown upside down after the tragedy of Vale SA's Brazil dam tragedy

Released Friday, February 22, 2019

Reports related to this article:

The global iron ore market has been thrown upside down after the tragedy of Vale SA's Brazil dam tragedy. The loss of approximately 40 million tons per year of iron supply from the disaster is expected to boost the demand for Australian iron ore.

Australia's iron ore industry has a strong project development pipeline, with upcoming projects and under-development projects such as Koodaideri by Rio Tinto, Eliwana by Fortescue Metals Group Limited (FMGL) and South Flank by BHP. BHP Group said the company is operating at full strength and doesn't have the capacity to raise shipments into the iron ore market. Therefore, mining analysts believe that FMGL would be the key beneficiary from the disaster.
Attachment
/iirenergy/industry-news/article.jsp false

Share This Article

Want More IIR News Intelligence?

Make us a Preferred Source on Google to see more of us when you search.

Add Us On Google

Please verify you are not a bot to enable forms.

What is 63 + 6?

Ask Us

Have a question for our staff?

Submit a question and one of our experts will be happy to assist you.

By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry.

A glowing computer chip is placed on a dark blue circuit board. Bright blue lines and nodes create a futuristic, technological ambiance.

Explore Our EnergyLive Tools

EnergyLive Tools provide instant insight into new build, outages, maintenance, and capacity shifts across key energy sectors.

Explore Our Tools
Dimly lit data center with rows of towering black server racks, glowing blue lights, and a sleek, futuristic ambiance.

Explore Our Enery Industry Reports

Gain the competitive edge with IIR Energy’s suite of energy market reports, designed for traders, analysts, and asset managers who rely on verified, real-time data.

View Reports

Get notifications from IIR News Intelligence

Click 'Sign Up' then 'Allow'