Iron ore will stay low for a very long time. And if it were to recover a little, then Gina's Roy Hill and Vale's Carajas expansion project will make sure the oversupply continues and prices stay low. Bad time to be holding anything to do with Iron ore atm because even if you were to catch a break short term, these 2 monster mines will add too much supply to allow for demand to pick up the slack.
Just my opinion of course
Good luck
Iron ore will stay low for a very long time. And if it were to...
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