Port Hedland has increased the supply of ore at 10%

Deliveries of iron ore from Port Hedland in December 2010 compared to November increased by 10% and reached 15.7 million tons. This is evidenced by statistics. Largest buyer of raw materials, China has become. Shipment of ore in this country amounted to 12.76 million tons, an increase of 8,1%. By the way, analysts Goldman Sachs & Partners Australia raised its forecast for prices for high quality coking coal and iron ore. Thus, the price of coking coal in 2011, according to analysts, will be $ 240 per ton, down 6% higher than earlier expectations. An appropriate decision, the experts adopted against the background of increasing demand from China, India and Brazil. In turn, the price outlook for iron ore has been increased by 4%, to 153 dollars per ton. Before representatives of the Indian mining company NMDC have suggested that prices for iron ore in 2011 will increase by 90%. According to them, the lack of ore, along with increasing global demand for steel will contribute to the rise in price of ore. Ministry of Industry