'Welcome to the new normal in iron ore': Goncalves

OUTSPOKEN Cleveland-Cliffs CEO Lourenco Goncalves has predicted “multi-year shortages” in the iron ore market, following Vale’s Brumandinho tailings collapse in January.

'Welcome to the new normal in iron ore': Goncalves 'Welcome to the new normal in iron ore': Goncalves 'Welcome to the new normal in iron ore': Goncalves 'Welcome to the new normal in iron ore': Goncalves 'Welcome to the new normal in iron ore': Goncalves

Cleveland-Cliffs CEO Lourenco Goncalves

Speaking on a conference all overnight, Goncalves criticised the people who'd said the production loss from the disaster wouldn't be meaningful, which has proved to be incorrect.