[miningmx.com] – THE iron ore market would not remain oversupplied forever, but it was likely only the large scale producers of the mineral would survive the current price pressure, said Bloomberg News.
In an interview with Claudio Alves, global director of ferrous marketing and sales at Vale, the Brazilian company, the newswire said iron ore prices of between $90 per tonne to $100/t were sustainable and would help keep the market well supplied.
“I don’t think the market will be oversupplied forever,’ said Alves. “Only the big suppliers with world-class assets, scale of production, efficiency and good costs, they’ll be able to survive,’ he said.
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