“While we have seen prices surge due to the dam breaking incident, this is a short term market reaction. General consensus is that prices will remain higher this year, [although] there is an upside potential,” she said in her keynote address.
SINGAPORE (May 9): Prices of iron ore are expected to remain higher this year, off the back of the January mining tragedy in Brazil, which saw over 200 people dead when an iron ore dam suffered a failure.
At the Singapore Iron Ore Forum 2019, former Chief Executive Officer of Anglo American PLC, a British mining company, Cynthia Carroll, said prices will hover in the low 80’s in dollar-per-tonne, before moderating to about US$60 to US$65 per tonne.
