Macro Finance
Simandou Offsets Iron Ore Supply Cuts Elsewhere, Macquarie Says
Bloomberg Markets·November 3, 2026·1 min read
The ramp-up at Guinea's massive Simandou iron ore project has offset supply declines elsewhere, according to Macquarie Group. Lower prices, high freight rates, and diesel costs are squeezing producers, but Simandou's increasing output is compensating for those cuts, helping to stabilize global iron ore supply and potentially influencing price dynamics in the market.
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