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  1. Thejerry01
    10,124 Posts.
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    26/12/24
    16:20
    Post #: 77188769

    Iron ore faces ‘riot point’ in 2025 as Rio Tinto floods the market

    Alex Gluyas
    Alex GluyasMarkets reporter
    Dec 26, 2024 – 11.34am




    Listen to this article

    Iron ore is tipped to trade below $US100 a tonne for most of next year as new supply from Rio Tinto’s long-awaited African project adds to giant stockpiles at Chinese ports, and US tariffs whack steel demand in the world’s second-largest economy.

    While markets are divided about the size and effectiveness of stimulus from China – the world’s largest buyer of iron ore – pundits broadly agree that Beijing will roll out further fiscal support in 2025 that should cushion the price of the steel-making ingredient from even heavier falls.


    AKO Price at posting: 10.0¢ Sentiment: Sell Disclosure: Not Held
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