Some encouraging charts from a recent Rio Tinto presentation (https://www.riotinto.com/en/invest/presentations). Basically they saying that construction activity in China is not as bad as the "developer crisis" newsflow is making out (because manufacturing and infrastructure projects are offsetting weakness in property). My interpretation is that when China's property mess starts to get resolved, demand for iron ore should far exceed previous peaks.
Iron ore price, page-248
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