Metal prices have been on an upward trend, with the recent WorldBank data showing that prices have increased for four consecutive quarters. Iron ore has been the biggest driver of this upward trend, posting gains of more than 20% for two consecutive quarters. While this is good news for mining companies, they are not celebrating, yet. While some such as BHP Billiton are expecting iron ore prices to fall, others such as Rio Tinto are expecting the prices to remain more stable. Future prices will primarily depend on demand from China, and with record high iron ore stockpiles, coupled with supply-side constraints in zinc and copper – it’s anyone’s guess which way the prices will move. It’s no wonder mining companies are cautious about uncertainty in the metals market. Source: EKA – Can Supply Chain Analytics Deliver Investor Returns in Mining?
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