Global iron ore supply is estimated to have grown by 3.1% to 2.1Bt in 2017. In 2018 and 2019, supply growth is forecast at2.7% and 2.0% respectively. Supply growth is from the ramp-up of Vale’s S11D and Roy Hill Holding’s Roy Hill operation,major producers continuing their gradual approach to full system capacity coupled with growth in India. This will be offsetby a reduction in Chinese iron ore production due to price pressure and by supply disruption at Minas-Rio in 2018.
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