Iron ore price, page-47880

Of course the IO is not going to stay at these levels . We all forget that China massive project Silk Road with its bridges and ports and stations are going to increase the demand for IO massively in medium term . As well as you mentioned India will need to import IO . I guess Chinese are buying all the IO they can at these cheap levels and maybe they are keeping the lockdown in place to force the metal prices down and accumulating. For what ever reason the lockdowns can not stay in place for a long period of time . I accumulate when I see so much negativity and fears .