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Mitko Dekov

Mitko Dekov
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  • The long-awaited cutback in Chinese iron ore production may be starting as an unnamed official at Minmetals Luzhong says his company is digging up less and other miners have halted altogether. What the market may really need are the gorillas - VALE, RIO, BHP - to not just slow expansion plans, but to slash production. [View news story]
    The only way I see the Big 3 slashing production is if they form a sort of cartel (could be unofficial), which of course may turn out to be illegal... We haven't seen this happen in the iron ore market, so why should be expect it to happen in the future?
    Sep 11 05:52 PM | 1 Like Like |Link to Comment
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