Business
Iron ore market seen as the cornerstone of a new commodities super cycle – Stockhead
Investment banks have a price target of $US150 to $US165 per tonne ($197 to $216/tonne) for iron ore ‘Looking at the 2020s, we believe similar structural forces…
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- Investment banks have a price target of $US150 to $US165 per tonne ($197 to $216/tonne) for iron ore
- ‘Looking at the 2020s, we believe similar structural forces to those which drove commodities in the 2000s could be at play’
- Chronic underinvestment in new mines means supply has not kept pace with surging iron ore demand
Many market experts are seeing the early signs of a new super cycle in commodities, including iron ore, that could equal the wild ride that prices experienced…
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