Iron ore price retreats on higher steel inventories in China
Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
The country, however, was 100% import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic.”