Business
China iron ore price plunges nearly 10% after a record-setting rally – MINING.COM – MINING.com
The iron ore price surged to a record $237.57 per tonne in New York on Wednesday as strong Chinese demand continued to outpace supply, but analysts were not convinced…
The iron ore price surged to a record $237.57 per tonne in New York on Wednesday as strong Chinese demand continued to outpace supply, but analysts are not entirely convinced the price run has legs.
High iron ore prices in early 2021 are unsustainable, but market fundamentals remain strong”
Moodys senior VP Barbara Mattos
“We do not see extreme tightness in the iron ore market, now or in the future. We see little support for the price rising this high above the cost of the marginal producer in…
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