Top African Iron Ore Miner Sees Price Easing as Output Recovers

By Felix Njini | Bloomberg

Anglo American Plc’s South African iron ore business expects prices for the steelmaking raw material to ease in the second half of this year as supply from Brazil increases.

“We should see a bit of moderation with the price falling back to a level of $90 a ton for the rest of the year, which is still a very good price,” Timo Smit, head of marketing at Kumba Iron Ore Ltd., said on a conference call Tuesday…Full Story