Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Brazil’s Samarco, one of the world’s largest exporters of iron ore pellets, has seen a 12% in production at its Germano mine in Mariana, with the application of Smart Wireless technology to improve plant availability and protect key assets. Emerson’s WirelessHARTTM standard network uses Rosemount® wireless flow and pressure transmitters to reliably monitor the seal water injection system of a dozen centrifugal pumps that remove reject material during processing. Fresh water is constantly injected into the operating pumps to consolidate the pump seals and to prevent the highly abrasive reject material from coming into contact with and damaging pump axles. (more…)