Ceylon - River basin development
van Marrewijk, Charles | van der Ploeg, Federick | Verbeek, Jos
Free world production of iron ore increased from 188 million tons in 1929 to 200 million tons in 1950 and 345 million tons in 1963. After World War II a radical shift in supply patterns developed as a result of the gradual depletion of high grade ore deposits in the United States and the ample availability of high grade ores following the discovery and development of numerous high grade deposits in Canada, Latin America and West Africa. Iron ore prices rose steeply from 1950 to 1957 because of tight supply. Then, they declined on account of ample supply. Freight rates also increased during the same period but also decreased because of the introduction of large specialized ore carriers. Import requirements of the three main markets are likely to increase by 35 million tons iron content by 1967. By 1979 a further increase of import demand is expected. Iron ore prices will most likely drop because of larger supplies.
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