Natural Disasters Lower Iron Ore Production Globally

Stefan Ioannou, Mining Analyst for Cormark Securities on how difficult weather is affecting the supply of Iron Ore

“Unfortunately, there was a tailings dam disaster in Brazil which is knocked out arguably 10 to 20 percent of iron ore production globally. On the back of that , there was difficult weather in Australia. So, there’s a significant supply or lack thereof a picture evolving in the iron ore space. ” – Stefan Ioannou, Cormark Securities Mining Analyst.”