Market Update, page-32

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24/09/21

08:07

Post #: 56312084
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Originally posted by Justme321: ↑

China is hurting themselves in the process to lower the price of iron .It's not sustainable as we will see economies powering ahead and consumer spending will grow such as on cars etc.Once chip shortage is sorted out , car manufacturers will increase production levels...ev cars starting to ramp up.
Also possible collapse of evergrande did not help, as they have staved off collapse the iron ore price rebounded some.
winter Olympics also a reason , as they have reduced still production to reduce pollution , this price drop is nothing for now.
glta ..will.be holding my 4m shares long term ..

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Well China are not stupid it will cost about $30 to $40 a ton ....imo
Now with a steel factory on the cards...mmmm
China have got what they have needed...
Next take over AFRICA .... all about infrastructure for AFRICA
Africa have all the EV resources also with AVZ lithium project near starting in the near future
My guess MEGA FRACTORIES being built.......imo
BATTERIES and many other products...cheap labour, plenty workers
All go for ANS just the right place the right time....i guess
cheers all
BRING IT ON

ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
7 Upvote

2 Great analysis

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Market Update, page-32

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