Back to News
Market Impact: 0.2
Simandou Offsets Iron Ore Supply Cuts Elsewhere, Macquarie Says
Source: Bloomberg
Commodities & Raw MaterialsTrade Policy & Supply ChainEmerging Markets
Macquarie Group says ramp-up at Guinea’s Simandou iron ore project has offset supply declines elsewhere. Lower iron ore prices, high freight rates and diesel costs are squeezing producers.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mixed
Sentiment Score
-0.10
More News
- The Strait of Hormuz closure has cost Europe an extra $142 billion for the same energy it was already buying
- Opening Statement before the House of Commons Standing Committee on Finance
- Tax Cut Hopes Help Fuel Nifty’s Rally to a Two-Month High
- AMD forecasts quarterly revenue above estimates as data-center revenue hits record
- India rupee’s recovery may find fresh legs from equity flows, dollar weakness
- Apple warns rogue AI agents could ‘conceal’ and ‘manipulate,’ causing unintended consequences for its business