“The market has changed considerably sin late 2013. The iron ore price have plummeted and stringent requirements have been made in terms of the quality and contaminants of the mineral."
The following graph shows the iron ore prices behaviour and the way it has plummeted:
The following graph shows the iron ore prices behaviour and the way it has plummeted:
Under these conditions many mines have closed, and only the big players such as BHP and Valley have been able to sustain production.
Latest information from main purchaser, China, indicates that prices will go back to 80 usd/ton and above as stocks go down and the Chinese economy picks pace again at 7% growth.
The opportunity of Caprica Iron SCM, is to establish itself as the second producer of iron ore in Chile, Magnetite Iron which is considered one of the more pure types of iron mineral formations and preferred by smelters around the world due to its physical and magnetic properties.
Latest information from main purchaser, China, indicates that prices will go back to 80 usd/ton and above as stocks go down and the Chinese economy picks pace again at 7% growth.
The opportunity of Caprica Iron SCM, is to establish itself as the second producer of iron ore in Chile, Magnetite Iron which is considered one of the more pure types of iron mineral formations and preferred by smelters around the world due to its physical and magnetic properties.