Top iron ore port ships half billion tons as bears call time
Iron ore cargoes from the world's largest bulk export terminal – Port Hedland in Australia – jumped to an all-time high last year at a time of bearish forecasts for the commodity.
by Jasmine Ng, bloomberg
Iron ore cargoes from Australia’s Port Hedland, the world’s biggest bulk export terminal, jumped to an all-time high of almost half a billion metric tons last year, offering fresh evidence of burgeoning global supply at a time when bearish forecasts for the commodity are stacking up.
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