21.04.2016 - Iron ore break-even points halve but unlikely to dive much further: Citi
The "breakeven" point at which the world's largest iron ore producers are neither making nor losing cash has halved in less than three years but is unlikely to continue its steep decline, Citi says. The "break-even" points at which the world's largest iron ore producers are neither making nor losing cash have halved in less than three years but are unlikely to continue their steep decline, Citi says. An analysis conducted by Citi found that in the second half of 2013, the "big five" iron ore producers needed an average benchmark iron ore price of approximately $US64.30 a tonne to break even on exports to China. ..............................................Full Article: Source
Print