🕐17.12.10 - 00:54 Uhr

Resource Capital Research [RCR] - Research Report Covering Iron Ore Companies Published



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Resource Capital Research [RCR] - Research Report Covering Iron Ore Companies Published

Resource Capital Research (�RCR�), an equity research company which focuses on small and mid size resource companies, today published its quarterly research report covering iron ore exploration and development companies.



Key Points:

Iron Ore Market:

1.

Spot prices for iron ore fines are approaching 2010 highs, e.g.

Chinese internal prices are 1370RMB/t, only 2% below the April 2010 mark of 1400RMB/t (Hebei, December 8).

2.

The buoyant spot market has led to a 7.7% increase for the 1Q11 quarterly price index for iron ore, to around US$137/t (62% Fe FOB), following the 13% drop into 4Q10, to about ~US$127/t.

The indexed price should remain steady or fall slightly for the remainder of 2011 and 1H12, as new productive capacity expected from 2H12.

3.

China has increased iron ore production in the past 12 months: we forecast a 23.5% rise to 1046mt for CY10; however, imports have shown only a 2.7% increase over the same period.

RCR also publishes quarterly reviews of the Uranium, Gold, and Rare and Minor Metals sectors.

To access the free summary report or to purchase the complete 92 page comprehensive report, go to www.rcresearch.com.au/reports.



Please find more details in the attached release.

For further information please contact:

Trent Allen
Rare and Minor Metals Analyst
(+61 (0) 438 873 682)


John Wilson
Managing Director
(+61- 2) 9252 9405


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