Texture from Bloomie:
Cargoes of the steelmaking material shipped via Hedland may swell to a new high in the fiscal year to June 2020, and over this calendar year may beat 2018’s total, Chief Executive Officer Roger Johnston said in an interview. Last year, iron ore volumes were 508.5 million tons, with most going to China.
…“There are no impediments to miners in the Pilbara meeting targets that they’ve put up, and if you look at their collective targets, they are ahead of last year’s,” said Johnston, who spoke to Bloomberg Television and in a separate interview. On a calendar-year basis, exports may “just get ahead” of last year, barring natural events such as cyclones, he said.
