Has anyone noticed what has happened to Nickel and Lithium well the market is thinking the same will happen to Iron Ore with the property disaster in China - steel futures has not recovered after the Chinese New Year so prices of both coking coal and iron ore will suffer - thermal coal will continue to be in demand whilst renewables continue to struggle.
On another note Rio has said it is full steam ahead on its West African Iron Ore Project to be operational by 2025 - this will replace a lot of Australian Iron Ore - which is our second largest export earner
Target $18.72, page-8239
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