An articles in AFR today :
Iron ore price heading to $US150 a tonne:
"Traders should prepare for a 20 per cent surge in iron ore prices in the second quarter of 2023, according to Goldman Sachs, as the physical market swings into a “significant” deficit which will lift prices to a projected $US150 ($218) a tonne.A seasonal boost in Chinese steel production in March-April is expected to coincide with a near-term supply squeeze, tipping the market into a 35 million tonne deficit in the second quarter. ... "
Promising news for SRK
iron ore market
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