Iron ore prices will be heading higher just because it is costing more to dig it out and also because spot prices indicate that demand and supply are imbalanced in favour of demand. While there is plenty of Iron Ore there is not the infrastucture to get it to market. That is why at these levels TTY is a buy. There is huge demand for steel for infrastructure, heavy machinery and ship building. Global Trade has put pressure on shipping and there is little or no caopacity so ships of all sizes have to be built.
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