While the production of iron ore and copper by BHP, a British-Australian mining company, increased last year, prices may decrease this year. BHP announced that both the production of iron ore and copper have increased and the company will achieve its annual target.
For iron ore, BHP produced 2 tons more than the production quantity in the previous year in the last three months of 2017.
As for copper, BHP increased its production by 20% this quarter. The current price of iron ore is reported to be around $75/ton, but it is expected to decrease between $51-64/ton this year due to the variable demand of China.
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