Not sure anyone "knows" China. Heaps of growth potential for iron Ore globally. The human race keeps on generating more people every year (Birth rates down ????) who all want more than previous generations and therefore driving more infrastructure and services. We also like destroying each other(Ukraine, Russia, Palestine etc.) which will all need rebuilding at some stage. I just read an article that concluded that the Iron Ore trade is currently worth around $US275 Billion dollars per annun which is forecast to rise to $US350 Billion by 2031 which is an average 2.75% increase each year.
BHP Price at posting:
$42.91 Sentiment: Buy Disclosure: Held
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