MARKETS SPECTATOR: Atlas unnerved

Atlas Iron believes media negativity around iron ore is overblown, and expects the price to remain strong after posting record sales.

Atlas Iron’s managing director, Ken Brinsden, this month met his Chinese steelmaking customers who typically buy almost all his company’s iron ore.

“Our customers don’t expect the iron ore price to go back to $US80 a tonne in the near term, or if volatility arose, that it would stay there a considerable time,” he told Business Spectator.  

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