Rio Tinto expects a drop in iron ore prices in 2014

According to the company, the Rio Tinto Group, the second in terms of extraction, the iron ore manufacturer in the world, expects a drop in prices and an increase in the physical volume of supply of metallurgical raw materials next year.

Rio Tinto revenues from the sale of iron ore raw materials in 2012 amounted to 24 billion US dollars, primarily due to supplies from Australian quarries.

Goldman analysts, in their analysis of the metallurgical raw materials market of December 12, also expressed confidence in a lowering trend in the world's iron ore markets. The price of ore will fall, as its production is growing, the report says.

It is expected that the increase in capacities by global manufacturers of iron ore raw materials, headed by Australian partners, will contribute to the growth of profits from sea carriers and reduce it from manufacturers. The largest ore consumer in the world of China will not be able to redeem all the excesses that will begin to appear with the commissioning of new iron ore quarries.