I think the risk factor is China not whether it will go up or down. And the question is can they be trusted with all these bail outs and Covid policy changes. Will they continue to be buying iron ore. Will China bail out Evergrande who is $100b in debt and also Sunac and Coventry? I will not answer that but leave the question for people to take there own calculated risks.
DYOR
Price of Iron Ore, page-1448
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