Falling iron ore prices and weak Chinese growth have dealt a blow to Kumba Iron Ore’s share price, causing the miner to shed about R65bn in value over the past year as investors anticipate that persistent headwinds will push prices lower in the coming years. 

Iron ore prices fell by more than a quarter last year as China’s economic slowdown and stagnant property sector weighed on the country’s steelmaking demand, weakening its iron ore consumption in turn. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.