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Iron Outlook 2021: Chinese Demand to Remain High

Click here to read the latest iron outlook.

At the end of 2019, experts were expecting iron ore prices to stabilize during 2020, but the base metal actually ended the year on a high note.

Last year was marked by uncertainty as the coronavirus pandemic hit the world, with base metals markets feeling the impact on demand and supply.

As the new year begins, the Investing News Network is looking back at the main trends in the space in 2020 and what the iron outlook is for 2021.

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VIDEO - Randy Smallwood: We Don’t See an End to Palladium’s Outperformance

Speaking to the Investing News Network (INN) at this year’s Prospectors & Developers Association of Canada (PDAC) convention, Randy Smallwood pointed out that the coronavirus is forcing miners to think about contingency plans and policies, which ultimately is a good thing.

Smallwood, who is president and CEO of Wheaton Precious Metals (TSX:WPM,NYSE:WPM), said, “(Companies should be) making sure that (they’ve) got the proper procedures and policies in place, and that (they) are sustainable through issues like this.”

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Vale Commits to Scope 3 Greenhouse Gas Emissions Targets

Vale (NYSE:VALE) recently announced it would set Scope 3 emissions targets, which includes reducing greenhouse gas emissions from its products after they have been sold.

At an investor briefing on Monday (December 2) in New York, Vale outlined plans to target net-zero emissions by 2050, aligning the company’s operations with the Paris Agreement on climate change. The miner also set its goal of a 26 percent female workforce by 2030. 

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