Original article by Patrick Commins
The Australian Financial Review – Page: 29 : 21-May-19

The tailings dam collapse at a Vale mine in January has been a major driver of the iron ore price’s rise to a five-year high of $US100 per tonne. The disaster reduced seaborne iron ore supply by around six per cent, prompting a rally in the price of the steel input and the shares of major producers. The reduced global supply has also coincided with rising demand for iron ore in China. Meanwhile, Vivek Dhar of the Commonwealth Bank expects the iron ore price to ease to around $US85 per tonne by the end of 2019.

CORPORATES
VALE SA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, FORTESCUE METALS GROUP LIMITED – ASX FMG