this chart alone is extremely telling…
with all the positives going on here how is this even possible. At a minimum, have a look at the medium to longer term outlook for iron ore. China are forcing some cut backs but with efficient markets this will ultimately resolve itself by production moving to other parts of the world. It all comes back to the need for iron ore not necessarily the current production capacity for iron ore. At least over the medium to longer term.
not investment advice. Do your own research…
Iron ore price, page-39505
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