Iron ore price, page-47810

Seen many threads of the years where IO was doomed. Still needed its just a perfect storm has happened.
I remember in 2008 it was doomed as well then bounced back fairly quickly.

China and many countries are in an arms race and they still buying our ore like no tomorrow.

Only last year FMG dropped to the $14 range and people back then was saying it as doomed too.
Ebbs and flows of the stock market.

We will still see a divvy of over $1 a share come the next divvy cycle. By then the ore price will be up over $100US/T again
and all this will be forgotten about again.

China in a new covid lockdown which sends the ore prices downwards.

If China was in strife then why is lithium booming at record levels where they are buying at the highest levels ever.
China has a good stock pile of IO at present as well which many seem to forget. When it gets lower they buy even more.