2010 has seen the iron ore industry change drastically – the passing of the annual benchmark system has introduced new price volatility for all concerned, miners have had to take on new freight risk by taking responsibility for delivery, and the gradual global economic recovery that has seen mining cost components increase still remains delicate.
As market participants look to the approaching 2011, questions exist surrounding the how future industry and global macroeconomic developments will impact mining costs around the world. It is against this uncertain background that CRU introduces the market to the upcoming 2011 edition of its Iron Ore Cost Service.
This exclusive five-part service becomes available in mid-December, and draws upon the expertise of London and Beijing offices to provide a definitive examination of the global cost structure for the mining and production of iron ore fines, lump, pellet feed and pellets through the years 2006-2020. By covering 112 mines worldwide – including 95% of global seaborne trade – CRU says “our service allows users to conduct detailed scenario analysis and cost benchmarking for the industry through the coming years.”
Flexible Model – The cost model contains all CRU’s detailed cost and macroeconomic data for 2006-2020. Users can review and flex very specific parameters within any mine or the macroeconomic forecasts, in order to conduct unlimited scenario analysis, create tailored cost curves, and understand how conditions change moving forward. In addition to cost curves, the model enables a range of analysis and reporting options including averaging, cost comparison, stacked cost curves, technical analysis and graphical profiles.
112 Profiles – Users receive individual profiles for all 112 mines covered in the service. They profile detailed cost breakdowns to allow in-depth review and benchmarking of specific parameters within mines.
Quarterly Analysis Presentations – Each quarter, subscribers receive online presentations containing CRU’s analysis of the key trends in the industry cost structure, which take into account the latest key data and developments.
Quarterly Macroeconomic Updates – Users also receive each quarter fully-updated forecasts of all key macroeconomic drivers, which are easily loaded into the model to allow up-to-date and accurate analysis.
Access to CRU’s Analysts – With our service benefitting from CRU’s long-standing experience and expertise in the iron and steel industries, subscribers can access our key analysts if required to further discuss the Cost Service or the latest market movements.