The CEO of Rio Tinto sees a decrease in iron ore price in 2014

Rio Tinto Group expects the next year to reduce iron ore prices, the source of most of its income, since global reserves will increase. Sam Walsh, the company's general director said that "I expect the prices for iron ore raw materials to soften a little next year, but they will still contribute to the successful doing business."

RIO Tinto is the largest exporter of steel -melting ingredient after Vale SA Brazil, having received $ 24 billion from the sale of raw materials last year, primarily at its Australian enterprises. Goldman Sachs Group Inc Banks in UBS AG expect to expand supplies and plan to push sea markets next year, led by Australian manufacturers.

Goldman analysts wrote in the report of December 2013 that “we still constructively relate to the“ bear ”prospects for the iron ore market and see what will happen in 2014, when the price of iron ore begins to decline." It will be read that the trend will continue if the production of raw materials will increase.

The price of iron ore increased 22 percent after it fell to a minimum of $ 110.40 per ton in May 2013. The price of the price consists in the increase in the import of China, which has reached record volumes last month, as Sam Walsh said. China is the largest buyer of iron ore in the world, which is about 60 percent of world demand, in accordance with the analysis of Goldman.