Miners tipped to ride out ore price slump amid positive signs from China

2013-08-26

AUSTRALIA'S mining heavyweights are increasingly confident they can emerge from the iron ore market's annual witching hour in better shape than recent years, with key indicators out of China suggesting comparatively favourable conditions ahead.

August and September have historically proved painful for iron ore prices, but a mix of low stockpiles, healthy steel production and increased confidence in China's economy are shaping up to insulate iron ore prices during the upcoming seasonal weakness.

Source from : The Australian

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