Above is a useful short primer from Bloomberg TV on the coming global iron ore glut.
In the segment. Bloomberg’s Angie Lau takes a look at the various forecasts of the iron ore surplus in 2014, which range from only 8.8 million metric tons from Morgan Stanley to a whopping 150 million tonnes by UBS. Goldman Sach’s iron ore forecasts receive the most attention, with it forecasting an 84 million metric ton surplus by 2014, with the price falling to $US80 a ton by 2015.
