Original article by Brian Robins
The Age – Page: 23 : 21-Oct-16

Iron ore is currently trading at around $US55 per tonne, but Fortescue Metals Group CEO Nev Power says the price is likely to fall in 2017 due to a looming increase in global supply. Power says the market has priced in the additional supply from the Roy Hill mine in Western Australia and the commencement of production at Vale’s S11D project. This will offset an expected downturn in iron ore production in China.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, VALE SA, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP