Why the iron ore boom is done…

If you’re still wondering why I’m bearish iron ore in the medium term, here it is in a chart from the AFR’s ongoing (and very good, whoops!) mining conference blog:

This is the locked in expansion plans of Rio and BHP. Combined with plateauing Chinese demand. That is BHP and Rio only.  What do you think is going to happen to the price?


  1. [email protected]

    Whats gunna happen to smaller less established producers?


  2. Agree with the sentiment but where is the source data? BHP and Rio both like to scare competitors (each other) with the scale of their expansions. Internally it could be different. Committed expansions – fingers crossed maybe.