The Conversation (0)
Globe and Mail reported iron ore is trading very low on expectations the trend will reverse soon on construction in China.
Globe and Mail reported iron ore is trading very low on expectations the trend will reverse soon on construction in China.
As quoted in the market news:
The price of iron ore is down by a quarter since its all-time high in 2011. Some of that fall is likely to be reversed fairly soon – the springtime construction season is beginning in China, which consumes about 60 per cent of the world’s shipped ore. But even at the current price, efficient miners are running operating profit margins around 50 per cent. That should be too high for investors’ comfort.
Click here to read the full Globe and Mail report.
