Robust Iron Ore prices are here to stay

Chinese demand for iron ore has thus far proven to be relatively robust, despite the impact of Covid-19 and the shutdown of significant sectors of the Chinese manufacturing industry,” the department said. “At this stage, it is not expected that Chinese demand will fall significantly,…

…

China’s imports are expected to increase to 1.12 billion tons this year, though that estimate is lower than a previous forecast for 1.3 billion. Purchases are expected to climb in 2021 and reach 1.3 billion in 2022.

Iron Ore prices have been on a tear!

This is likely a great time to load up on Iron Ore stocks. There are many bargains out there.

Full article: https://www.bloomberg.com/news/articles/2020-06-28/world-s-top-iron-ore-shipper-says-robust-prices-are-here-to-stay