Iron Ore Prices Going Up, Market Dynamics Create Significant New Opportunities for Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN)
License revocation and production cuts involving world’s largest iron ore producer have already contributed to upward price trends in the iron ore market Existing shortage in pellet production feed expected to worsen as a result of recent events in Brazil These latest market developments are creating positive conditions and opportunities for industry representatives like Black Iron that already benefit from strategic advantages The world is anticipating an annual iron ore production loss of 70 million metric tons after Brazilian state regulators revoked the license for the second-largest iron ore mine owned by Vale (NYSE: VALE) – the world’s largest iron…