Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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Port of Long Beach: The Busiest Shipping Hub on the US West Coast

Port of Long Beach: The Busiest Shipping Hub on the US West Coast

The Port of Long Beach, located in California, is the second busiest container port in the United States and a major hub for international trade. Spanning 3,200 acres and operating 24 hours a day, it features advanced loading and unloading facilities that efficiently handle a variety of cargo. With the highest average monthly throughput in the country, the port's strategic location and strong cargo processing capabilities support vibrant trade with international markets.