Aircraft in northern Brazil Pará circling , looking ahead, is not the end of the jungle , the world 's largest Carajas iron ore project S11D is hidden in this dense forest .
Iron ore is the raw material for steel production . CVRD iron ore project in northern race manager Yami Er · Tony said the general iron ore grade of about 62% , S11D ore grades of up to 66.7% , and low impurities .
Carajas project annual output of 109 million tons at present , is expected to reach full capacity by 2018 will rise to 230 million tons after production . Exploitation of their planning period of 40 years , is expected to reach 4 billion tons mined , the future will continue to expand the scale according to ...view middle of the document...
Mading Si Vale executive director of the view that the iron ore market in 2015 will basically reached saturation , while in 2018 when excess capacity could reach 5-6 percent , then the price will remain at $ 100 or more , but less may then reach a peak now , mainly because currently the major iron ore producers are expanding production capacity.
Australia and Brazil, the largest iron ore reserves , grade is relatively high. In contrast, 80% of China's iron ore reserves for the lean ore . According to reports, the first half of 2012 , China's domestic mines has dropped to 25% average grade , mining costs are three times more foreign mining . By market demand and competition will be the hardest hit most of China's iron ore producers .
China 's dependence on foreign iron ore is still maintained at 60 % or more. Chinese urbanization and the expansion of Chinese exports of finished steel products increased, making China become the world's major iron ore compete for major markets.
Over the years, China in the international iron ore market, the lack of...