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Forbes reported on the factors affecting the price of iron ore.
Forbes reported on the factors affecting the price of iron ore.
As quoted in the market news:
In terms of supply yes, there are a lot of projects coming online. But the swing producers seem to be the Chinese ones and unless just every project comes online it’s unlikely that prices will go below $120 per tonne. Assuming demand holds up of course: and there the big determinant is the urbanisation of China. As long as that continues then steel demand will hold up and thus so will iron ore prices.
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