FMG Chief Executive believes iron ore prices have peaked FMG Chief Executive NevPower said on Friday that China's economic growth is still healthy, but as demand weakens, global iron ore prices have peaked. Power's presence in Perth, the Australian Business Council (the Australian Business Council (the Australian Business Council), said that the iron ore price has peaked and returned to a more sustainable level. He said At present, the price of iron ore of 130-150 US dollars per ton is more sustainable. The impact of falling iron ore prices in Vale is reported to be affected by the decline in iron ore prices due to its decline in Chinese grades. The spot price of iron ore has dropped to 132 US dollars / ton (CFR), down 11% from mid-April. The industry said that Chinese steel mills are now more inclined to purchase low-cost iron ore spot resources instead of price With higher fixed-contract resources, Vale is currently actively promoting the construction of its iron ore transfer center in the Philippines and Amen, and its transit sales center in Malaysia will also be completed in 2014. BHP Billiton CEO: Iron Ore and Steel Industry This is the high-speed development stage. Marius Kloppers is the world's largest mining company BHP Billiton (BHPBilliton Chief Executive) In the fifth year of the official. In the eyes of outsiders, he is very fortunate to be catching up with the most demanding period of mining demand in history. BHP Billiton's profitability is not only at its peak, he also directed BHP Billiton's series of bold and radical actions to break The long-term price mechanism of iron ore makes the price of iron ore more "accurate" according to his statement, and the increase in iron ore price is one of the most important sources of BHP Billiton's profit growth in the past few years. In the process, Gao Ruisi has always stressed that the market will play its role in ensuring supply and determining prices. Now he still emphasizes the role of the market, but the iron ore market has changed. With the revival of China's real estate and infrastructure, the steel industry As a result of severe overcapacity, it has suffered losses in the whole industry. How long is the good life of upstream resource companies? On May 29, Gao Ruisi received an interview with reporters in Beijing, showing a cautious and rational attitude. “The stage of rapid development of iron ore and steel industry has been It’s over,” said Gao Ruisi. Profits and capital from the iron ore business. The reduction in flow has affected BHP's capital expenditure plan. In the next six months, BHP Billiton will not approve any major project investment, including four major projects that are highly regarded by the market: Olympic Dam Copper Mine, US shale gas project Canada's potash project and Australia's Outer port expansion plan. These four projects are expected to cost as much as $120 billion over the next 15 years. Say goodbye to the iron ore super boom cycle, he is expanding new business areas for BHP Billiton, including natural gas, Oil and potash, etc. He is still optimistic about the demand and market prospects of these resources. How to allocate the most effective of these resource assets is the biggest challenge he thinks he faces. What remains unchanged is that China’s demand remains crucial for BHP Billiton. important. "Undoubtedly, China's situation is good, BHP Billiton's situation is better, and vice versa, BHP Billiton's fate is closely linked to China," he said. Reporter: At present, the demand for bulk commodity market is relatively weak, and the price is also declining. Does this mean the end of this round of mining super boom cycle? Gao Ruisi: In the past few years, a lot of attention has been placed on iron ore because of its tight supply and high prices. But for BHP Billiton, as early as 10 or 12 years ago, we did not want to provide only one kind of goods, we hope to provide a variety of goods. Especially in the past five years, we have not only invested heavily in the field of iron ore, but also in the fields of natural gas, oil and potash. I think the period of rapid growth in the steel and iron ore fields may have passed.

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