Japanese buyers are known for three things in Australian deals: clean bids, strategic moves and sometimes being late to the party. Its $8 billion bet on the Pilbara could be all three.
Australia’s iron ore glory days are coming to an end – it’s a clear signal from our twice-a-year reporting season.
Structurally weaker demand for steel in China and increasing seaborne iron ore supply is biting. Iron ore prices were 10 per cent lower in 2024, analysts expect them to keep going that way, and margins will fall further. It’s the story of reporting season this week.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
