IO heading for sub $100US a ton. Could get as low as $70US/T.
China is in a real economic mess now. Many billion dollar businesses are folding.
The Chinese leader wants to spreading the wealth and blaming it on these large companies
and due to one media the people probably believe it.
Its why IO is free falling hard.
Go add delta to the mix and a stock market plunge is now playing out.
It will eventually level out and bargain hunters return but maybe not to iron ore stocks.
Lithium is where its all going to be going upwards as that is boom times and the ore price
is going up where IO is dropping hard.
Iron ore price, page-36970
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